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Economic and fiscal update
OBEGALx return to surplus delayed yet again
16 Dec 2025
Our take on the latest Economic and fiscal update (Tue 16 Dec 2025)
Core Crown revenue down $6.3b, and expenses up $0.5b
Return to surplus now in 2029/30 (OBEGALx)
80% of the increase in net Core Crown debt to fund capex
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