Turnbull Goes for Growth, Says Budget Fix a `Long-Term' Plan

  • Australia in December forecast underlying deficit of A$37.4b
  • Economy set to record 25 years without recession in June

Prime Minister Malcolm Turnbull.

Photographer: Stefan Postles/Getty Images

Australia is prioritizing growth over deficit reduction in its economic program, Prime Minister Malcolm Turnbull said, signaling he expects to close the gap through rising tax receipts from faster expansion.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.