A bleak economic outlook with a surplus even more distant than expected.

Treasury says our exit from deficit will be delayed  - as it today releases its operating balance forecasts, including the  ACC.

The deficit is expected to deepen more to a high of $16.9 billion dollars and not narrow to $60 million until the 2029-2030 financial year.

Infometrics Principal Economist Brad Olsen joined the Afternoons team to discuss further.

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