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Positive economic outlook

Stronger than expected economic growth in 2015 and a positive outlook for the economy mean the Government's revenue is up considerably across the forecast period compared to the Half Year Update.

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Rising surpluses

After the return to surplus last year, modest OBEGAL surpluses are expected in 2015/16 and 2016/17, increasing to $2.5 billion the following year, and $5.0 billion in 2018/19.

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Repaying debt

A tight rein on spending is required to start repaying debt. Treasury's latest forecasts show the Government meeting its major fiscal target of reducing net government debt to around 20 per cent of GDP by 2020.

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My Tax Dollars

Understand where your tax dollars are being spent.

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What We Spend

Explore a breakdown of the government's expenses.

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What We Earn

Explore a breakdown of the government's revenue.

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