Budget update forecasts deficit of $1.1 billion this financial year
- Written by: Michelle Grattan, Professorial Fellow, University of Canberra
The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning.
This is an improvement of $12.8 billion compared to the deficit forecast in the May budget.
It suggests the final figure for the financial year might...
Read more: Budget update forecasts deficit of $1.1 billion this financial year
