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Economists forecast Australia’s deficit to be better than expected in budget update – NEWS.com.au
Economists forecast Australia’s deficit to be better than expected in budget update
Economists predict the federal government will paint a better than expected outlook for the Australian economy, which has proven resilient throughout the coronavirus pandemic. ANZ economist Cherelle Murphy said the Mid-Year Economic and Fiscal Outlook, expected to be released by Treasury this week, would likely show a better bottom line for the federal budget.
The major bank expects Australia’s underlying cash balance for the 2021 financial year to be $10bn better off, which would bring the projected…
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