TeleTrade - Analytics

    TeleTrade

    690.50 6.50/10
    81% of positive reviews
    Real

    03.05.2016 15:49 Australian budget deficit is larger than previously expected

    The Australian government released its annual budget on Tuesday. The government expects a deficit of A$39.9 billion in the current fiscal year, up from a December estimate of A$37.4 billion. The deficit is expected to decline to A$37.1 billion in the fiscal year 2017. Australian Treasurer Scott Morrison said that the budget would be balanced in the fiscal year 2021.

     

     

    Morrison noted that the budget should support job creation and growth, and boost the economy.


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree