The Liberal Party 'has not' given up on surpluses: Frydenberg
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Treasurer Josh Frydenberg has told Sky News Australia is "recovering very strongly" following his budget address.
Mr Frydenberg delivered the budget on Tuesday night, and says it was "all about securing Australia's economic recovery".
"Around half-a-million jobs have been created since last year's budget - which was just over six months ago," he said.
"Australia has been the outperformer when it comes to the rest of the world on both the health and the economic front."
Mr Frydenberg told Sky News the Liberal Party had not given up on surpluses despite revealing in the federal budget Australia's net debt would increase to $617.5 billion and the deficit would hit $161 billion this year.
© Provided by Sky News Australia "What you see in this budget is that deficits come down by two-thirds over the forward estimates," he said.
"And that net debt to the size of the economy, to GDP, compared to what was forecast at last year's budget is lower each and every year.
"That's a key indicator of fiscal sustainability."