Swan's foretaste of a budget surplus

The $660 million 'miss' on the 2012 budget bottom line is one of the smallest ever seen. No doubt Wayne Swan will be hoping for a similarly small error on his 2013 surplus estimate.

The budget deficit for 2011-12 was $43.7 billion, about $660 million less than expected when the budget was delivered in early May – and about $4 billion less than the deficit in 2010-11 and $11 billion lower than the deficit in 2009-10.

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