Government books worse than last year but better than forecast
Net debt at the end of November was $1.77b lower than expected.
Government income was higher than expected in the first five months of the financial year.
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The Government’s books for the first five months of the financial year have recorded a more positive result than forecast in the December Half-year Economic and Fiscal Update.
In the five months to the end of November, net debt was $83.85 billion, $1.77b lower than forecast. It was largely driven
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