ACT Surplus Ahead of Schedule | Australia News

The Australian Capital Territory just smashed its fiscal targets, hitting a cash surplus a year early — and it’s not just luck. The government’s disciplined spending and smart investment moves, including FX hedging gains and lower supply costs, are already paying off with a projected $74.9M surplus for FY25-26 — a massive $255.5M jump from earlier forecasts. But don’t get too comfortable: the overall deficit is still expected to hit $556.6M, fueled by a $29.5M revenue drop from weaker payroll taxes. Still, net debt is trending down, nearing $11B — proving they’re balancing bold infrastructure plans with tight budgets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c9fb0076f257c9e7