Budget 2016-17 - Returning to surplus
ESA National Economic Panel - Poll 7, May 2016 | Budget 2016-17 - Returning to surplus
How quickly should Australia return to a budget surplus?
Shortly after the release of the Turnbull government's first budget this month we asked our Economic Society of Australia National Economic Panel (NEP) for their opinion on this proposition:
'The recently released 2016-17 Commonwealth Budget projects that the Australian Government's underlying cash balance will return to surplus by 2020‑21*. Australian politicians should re-balance the budget with greater urgency.'
[*Budget Paper No. 1, Statement 3 - Fiscal Strategy and Outlookhttp://www.budget.gov.au/2016-17/content/bp1/html/bp1_bs3.htm]
The views were split almost right down the middle with 50 per cent of respondents disagreeing and 45.5 per cent agreeing with this statement.
View the complete poll results, charts and comments: https://business.monash.edu/economics-forum/budget-2016-17-returning-to-surplus