Given the penchant for submarines, amongst other things, we will continue to have a deficit, for the foreseeable future.
That means, as always, a conversation about either spending cuts, or tax revenue generation. In my graph below the FY25 forecast could be dragged out to FY30 with little difference.
And here are the things Grattan points to.
The Stage 3 cuts are a big one, as are the usual super tax concessions. Super profits tax (to be fair, Grattan are clearly stating redesign the PRRT) all on the table.
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