Treasurer Josh Frydenberg remains cautiously on track to delivering a prized surplus in next year's federal budget and the best set of books since the Howard government a decade ago.
The midyear economic and fiscal outlook (MYEFO) to be released this morning is expected show the budget deficit is at its lowest level since 2007-2008.
It is understood the $14.4 billion deficit for 2018-19 forecast in the May budget will be more than halved after higher than expected tax receipts and lower payments by the government.
Here's my preview on ABC News Online
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