5 Jul 2013

Govt may have cash to spend in election year

7:02 pm on 5 July 2013

The Government's cash operating deficit was $763 million better than expected for the 11 months ended May, mostly because it collected more tax than expected.

Westpac Bank economist Nathan Penny says the Government appears to be on track to return to surplus and could have money to spend in election year.

"The economy is picking up nicely - better than expected - and it may mean that Government might have some change to play with next year."