Government books better than expected but still in deficit
The corporate tax take was up $4.1 billion, or 26%, in the year to the end of June.
The Government's finances are in better shape than forecast.
Strong business performance in the 12 months to the end of June helped the Government record a better-than-expected deficit for the year.
Its deficit, excluding gains and losses (obegal), was $9.7 billion in the 2021-22 financial year, almost half of what was forecast in the May Budget.
Treasury
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