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Politics
Michelle Grattan, Professorial Fellow, University of Canberra

Budget deficit this financial year to be $36.9 billion

Jim Chalmers Deficit Carine King Labor
Mick Tsikas/AAP

Treasurer Jim Chalmers has said the budget bottom line will be more than $40 billion better over the four-year forward estimates in total than previously forecast.

The forecast for gross debt will also be lower than earlier estimates.

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