Economics
Australia Budget Deficit to Be A$167 Billion This Year: Deloitte
- Nearly A$100b less over four years than expected in December
- Economy is rapidly recovering but risks and pressures remain
Crowds along the Sydney Opera House forecourt at Circular Quay in Sydney, on April 30.
Photographer: Lisa Maree Williams/BloombergThis article is for subscribers only.
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Australia’s budget deficit this fiscal year will be A$30 billion ($23 billion) narrower than the government’s mid-year forecast as a surge in hiring and iron-ore prices bolstered revenue, Deloitte Access Economics said.