Sydney Morning Herald | Joe Hockey says $30b overestimation has left 2013-14 in deficit by $48.5b Sydney Morning Herald The Pulse with Judith Ireland: Live coverage from Parliament. The final budget deficit for the 2013-14 financial year has come in at $48.5 billion - $30 billion more than forecast, Treasurer Joe Hockey has said. Mr Hockey, who said the deficit was Australia's ... Deficit $30b bigger than forecast: Hockey (01:37) Budget deficit soars to $48.5bn Budget deficit for 2013/14 soars to $48.5b |