democracy Australia

Spinning the Mid-Year Economic and Fiscal Outlook (MYEFO), Treasurer Scott Morrison has pointed to projected reductions in the 2017-18 budget deficit, and a better-than-anticipated return to surplus in 2020-21 as evidence of improved fiscal discipline.

That is a small part of the story. What is more relevant is a strengthening global economic outlook, and a continuing contribution to the Australian economy from resource-hungry China.