monthly economic and interest rate update april 2006 enhancing financial outcomes for the state page 1 australian economy what does tcv expect in 07 federal budget december 2005 government s mid year fiscal outlook myefo reported that forecast 06 cash surplus had increased to 11 5 billion this represented a 2 6 increase over may estimate with tending improve significantly final quarter of could be higher than department finance administration data shows on rolling twelve month basis underlying printed at 16 february strong company profits underpinned result while individual income tax collections remained broadly line prior projections see charts below commodity prices remaining elevated longer expected contract remain high receipts which would place an upside risk 9 7 possibility is likely continue call
