Within those tax receipts, income tax is running 0.4 per cent ahead of MYEFO projections, while company tax collections are a stonking 4.6 per cent ahead of expectations. Even GST receipts are 1.8 per cent above forecasts, pointing to a much stronger economy than the made up numbers Mr Hockey's office forced Treasury to use when compiling MYEFO.
All of which confirms what we already knew - the MYEFO numbers are built on foundations of sand and looked wrong at the time and are now proven to be wrong. The budget position is nearer the position indicated in the Pre-Election Fiscal Outlook.
It is also another blow to the bee-in-my-bonnet about the ABC Fact Checking Unit and their endorsement of Mr Hockey's claim that the previous government left the Coalition with high growth in spending and one of the fastest increases in the budget deficit and level of debt going around.
Clearly it didn't and using Mr Hockey's MYEFO as proof of that claim is the ultimate act of gullibility.