Part 3: Fiscal strategy and outlook - Budget 2019-20

Since the 2019 PEFO, parameter and other variations have reduced tax receipts by $2.2 billion in 201920 and $30.7 billion over the four years to 202223. The downward revision in 201920 is largely driven by lower forecasts for superannuation fund taxes and GST, reflecting foreign exchange losses and downgrades to growth in consumption subject to ... ................
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