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Trading news
4 May 2018
Australia's budget to show AUD15 billion deficit for 2018-19 – Bloomberg survey
The latest Bloomberg survey showed that a majority of the economists surveyed see the Australian budget projecting a deficit of AUD15 billion for 2018-19.
Key Findings:
The government is seen projecting a deficit of AUD15 billion in underlying cash balance for the year through June 2019.
A better-than-expected improvement in the budget outlook compared to the government estimate.
The government estimate back in December was for a deficit of AUD20.5 billion, with an expected return to surplus coming in 2020/21.