The reason for a budget surplus is fundamentally to avoid getting back into the "recession we had to have", which was the result of deficit plus high interest rates leading to a ridiculous proportion of federal revenue going into servicing debt. (And Australia got of lightly compared to some other countries!)
With the current very low interest rates, plus sluggish economy, there is a very good case for downgrading the priority of a surplus.
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
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