Australia’s Projected Annual Deficits Worsen by $7.5 Billion

Australia’s Projected Annual Deficits Worsen by $7.5 Billion

. . CANBERRA –  Australia’s projected budget deficits for the next four years have increased by 10.3 billion Australian dollars ($7.5 billion) to AU$94.9 billion as the economy continues to slow following a China-driven mining boom, the government’s latest forecasts showed Monday. The budget would return to surplus in 2020-21, despite falling revenue and a […]