$7.1 Billion Federal Budget Surplus Announcement Brings Mixed Reactions
Australian Treasurer Josh Frydenberg (L) and Finance Minister Mathias Cormann (R) announce the Federal Budget in Canberra, Australia, on April 2, 2019. Tracey Nearmy/Getty Images
The Australian government announced the first federal budget surplus in more than a decade on April 2.
The centre-right Coalition government revealed on budget night the national expenditure has returned to profitability for the first time since the year 2007.
Richard Szabo
Editor/Reporter
Richard Szabo is an award-winning journalist with more than 12 years' experience in news writing at mainstream and niche media organizations. He has a specialty in business, tourism, hospitality, and healthcare reporting.
