SYDNEY, Dec 18 (Reuters) - Australia's conservative
government on Monday forecast its budget deficit for the fiscal
year to June 2018 would amount to A$23.6 billion ($18.04
billion), down from an original prediction of A$29.4 billion.
In his half year fiscal outlook, Treasurer Scott Morrison
projected the budget would get back to surplus by 2020/21,
unchanged from his forecast in May.
A combination of stronger job creation, lower unemployment
payments and higher earnings from commodity exports helped
offset weakness in wages and consumer spending.
($1 = 1.3079 Australian dollars)
(Reporting by Wayne Cole; Editing by Shri Navaratnam)
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