AU AU
Federal Treasurer Josh Frydenberg has abandoned the government’s previous fiscal strategy of bringing the budget back to balance in favour of boosting business and consumer confidence as it reveals a budget deficit of $85.3 billion in 2019–20.
The deficit figure is $0.5 billion less than the government’s economic update in July but $90.3 billion more than what was predicted in its 2019–20 Mid-Year Economic and Financial Outlook, according to its 2019–20 Final Budget Outcome document.
Read more at MyBusiness.
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