Australia Posts $22 Billion Deficit—$6 Billion Better Than Forecast
The government figures reveal tax revenue was higher due to stronger superannuation fund returns.
TL;DR
- Australia's 2025-26 deficit is $22.3 billion, $6 billion less than forecasted.
- Tax receipts exceeded predictions by $4.6 billion, attributed to improved super fund returns.
- Government costs were $1.4 billion lower than estimated.
- Gross national debt is projected at 33.2 percent of GDP, lower than previously expected.