Noosa News
Economy to end year on the rebound as budget deficit is cut by $16 billion
Thursday December 17, 2020
Australia is showing all the signs of a robust economic comeback from this year’s pandemic-induced slowdown, with growth forecasts being upgraded, employment looking healthier and this year’s budget deficit $16 billion smaller than what the Government said it would be just a few weeks ago.
Treasurer Josh Frydenberg said the budget update showed the Australian economy was rebounding strongly. (Photo: AAP Image/Mick Tsikas)
The mid-year budget review released on Thursday shows the deficit for the 2020/21 financial is now forecast to be $197.7 billion rather than…
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