Federal Government’s GST write-down reduces SA’s forecast collections by $577 million
The Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) has reported a revised downward forecast in GST collections nationally, significantly reducing the amount of revenue to be shared between states and territories over the next four years. Treasurer Rob Lucas said, based on the MYEFO GST downgrade, Treasury’s initial analysis is that there would be…
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