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.SharriMarkson says budget talk will continue for a week: ‘The plan is for the govt, this will be the start of their momentum to the election...It’s going to be a clear demarcation between what Shorten is promising & what the govt is.’ MORE: Budget2019

Treasurer Josh Frydenberg says Australia is ‘back on track and back in black’ after announcing the Coalition will hand down a $7.1-billion-dollar surplus for the 2019-2020 financial year.

In his first budget since becoming Treasurer, Mr Frydenberg says the impending surplus will ensure the ‘next the generation not having to pick up the tab for the last.’ Tuesday’s budget is expected to be the last before the federal election, expected to be held in May. Image: News Corp Australia

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