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The Federal Government made a cash profit – or, as it calls it, a surplus - of $16.4 billion in February, according to the Department of Finance. And for the eight months to February the deficit was smaller than anticipated in the mid-year economic statement. It’s part of a trend where the overall deficits are shrinking, with an improvement in one key thing: tax revenue. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/business ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on Twitter: / abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia