- The 2016-17 Budget was presented by the Treasurer, Scott Morrison in the House of Representatives on Tuesday, 3 May 2016.
- The 44th Parliament was dissolved a few days later on Monday, 9 May 2016 at the request of PM Malcolm Turnbull.
|Australian Treasurer, Scott Morrison|
Scott Morrison consistently says the Government doesn't have a revenue problem.
"Mr Morrison rejected suggestions there was a problem with money coming in, saying revenue as a share of the economy would be higher than the long-run average next financial year." (SBS News, 8 April 2016)The budget summary in his budget does in fact show revenue as a share of the economy being higher than the long-run average next financial year.
The same summary however shows tax revenue as a share of the economy being higher than the long-run average not just next financial year but in every following financial year. The share actually increases in every financial year to 2019-20, remaining well above the long-run average.