Things is looking up in Oz as the real govt is back in full control and the Australian economy is booming as Mal repairs the horrific damage done to Australia by the Labor imbeciles during their six sick years of Socialist Waste and Disgrace.

And a bumper BUDGET is just around the corner.



$23 billion of national debt tipped to be sliced off
By Fiona Willan • Political Reporter 10:40am Dec 18, 2017

VIDEO: Budget update a winner for Turnbull

Treasurer Scott Morrison is set to unveil his budget update this morning - and it's expected to be one the Turnbull government will try to claim as a political win.

For the first time since the Global Financial Crisis, we're heading for a massive reduction in gross debt.

That could potentially leave the door open for income tax cuts.

In the May budget this year, debt was expected to reach $606 billion over four years.


Malcolm Turnbull celebrating the re-election of John Alexander in Bennelong at the weekend. (AAP)

Now it's on track to reach no more than $583 billion - $23 billion dollars lower.

Nine's Finance Editor Ross Greenwood said this was mainly due to the government receiving more tax revenue from middle-income earners.

"When people get a wage rise, they eventually bump themselves up into a higher tax bracket. What occurred in 2016 is they raised the tax threshold from almost the average wage of $80,000 to $87,000," he told the Today Show.

"But people continued to have wage rises, and as a result this has collected the government billions upon billions of dollars."

Some of the other factors leading to an improved budget outlook include higher-than-expected coal and iron ore prices.


The government will announce it has wiped $23 billion off the national debt. (AAP)


Scott Morrison will announce Australia's latest debt position later today. (AAP)

This has increased company profits in the resources sector, which has meant the government has been able to collect more tax.

Greenwood said jobs growth had also contributed.

"371,000 jobs created over the past 12 months means there's that many more taxpayers putting billions of dollars in," he said.

"This is the reason why the government is now in a position where probably not only has it got a situation where it can pay down debt, but in the future also to hand out tax cuts to those middle-income earners."

While the Turnbull government will be rather pleased with itself over this budget update - it is likely to be less pleased with the latest Newspoll.

For the 25th time in a row, it's lagging behind Labor in the Newspoll.


The treasurer will hand down the mid-tear review today. (AAP)

The latest has Labor leading 53 to 47, on a two-party preferred basis.

It also places the Opposition ahead in the Primary vote, leading 37 to 36 percent.

Malcolm Turnbull has maintained his lead as preferred Prime Minister, 41 to 34.

The Newspoll also places Labor ahead on cost of living issues.

Nine's Political Editor Chris Uhlmann says the positive budget update will help the Turnbull government end the year on a high note - after already gaining momentum with the legalisation of same-sex marriage, two by-election wins and the departure of Labor Senator Sam Dastyari.

"He's had the best month of his year in the last month of this year, he needs to work out how he can turn that into a good 2018."

VIDEO: Government expected to slice billions in budget

https://www.9news.com.au/national/2017/12/18/06/17/national-debt-sliced-down-by-...

"Shorten threat"?    

The biggest threat to the Liberal Party is the Liberal Party.

lee wrote on Dec 18^th, 2017 at 2:03pm:

Copper Internet guarantees Malcolm loses and every single Australian, especially including the ashamed capital l liberal voters, want to see him fall on his face so they can  Begin forgetting their nothing legacy that they left  their children after a once in a century mining boom that built the Asian century their kids have to live in!

Good times 

Has good government finally started ?

Its time wrote on Dec 18^th, 2017 at 2:15pm:

The despairing Lefties have gone into terminal deny mode losing their troubled minds in fantasies.

LW seems to have gone a bit barmy wot with all the stress and depression of getting it just SO wrong.

While Bull S. is banished to the naughty corner for being such a drongo the real govt shows the way to get Australia on the road to booming prosperity.

ScoMo does a brilliant job in cleaning up the shocking mess the Labor imbeciles made of Australia during their six sick years of Socialist waste and disgrace.


This shows how the Libs did it.




To read the full story of the glory have a look here

http://www.cairnspost.com.au/news/national/budget-forecast-treasurer-scott-morri...

The pressure of seeing his hero Bull S. named and shamed and totally stuffing up Bennelong is sending paw LW round the twist.

LW you should be overjoyed that the shocking mess created by Labor during their six sick years of Socialist waste and disgrace is being cleaned up by the real responsible economically competent govt that was recently so strongly endorsed by the people of New England and Bennelong.

With Bull S. a boat anchor round Labor's neck it is hard to see the Libs not easily winning the next Fed election and saving Australia from Bull S. dragging it down into his Socialist gutter.

Things is definitely looking up for Australia with Mal's financial brilliance guiding it away from Labor's Socialist insanity.