Expansionary Budget in Australia

May 11, 2021 | Economy

12.5.21 The Australian Budget released on Tuesday night was more expansionary than expected, with higher spending driving less improvement in the underlying deficit, notes BNZ Markets. The Budget carries an estimated underlying cash deficit of 7.8% of GDP in FY21, and deficits around the 5% of GDP mark are forecast for the next two years. […]

 


 

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