Treasurer Wayne Swan is set to announce a $1 billion forecast surplus for this financial year.
THE federal government has slashed spending by $4 billion to reach a forecast surplus of $1 billion this financial year, which is $500 million less than forecast at the May budget.
The Treasurer, Wayne Swan, has also tweeted that the forecast surplus for 2015-16, the final year of the four-year forward estimates, will be $6 billion, which is $1.5 billion less than forecast in May.
More to come...
