The improvement in Australia's fiscal deficit, which credit rating agency Standard & Poor's has forecast would be much worse than Malcolm Turnbull expected, has been quite remarkable.
When the government released its official budget estimates in May 2017, it projected an underlying cash deficit of $29.4 billion for the 2018 financial year.
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Christopher Joye is a portfolio manager with Coolabah Capital, which invests in securities, including those discussed in his column. Connect with Christopher on Twitter.
