"“Tax receipts are well below forecast, mainly due to the substantial hit to company profits as a result of the high Australian dollar, falling commodity prices and continued global economic uncertainty,” a spokeswoman for Finance Minister Penny Wong said, according to The Australian.
The spokeswoman added that total receipts are now more than $6 billion below the level forecast in the mid-year budget update."
No one can predict the future. The libs think they can some how.
