Australia Fiscal & Economic Update - forecast unemployment rate of 8.75% in 2020/21
Budget deficit forecast for the period is forecast at AUD 184.5bn
- net debt to GDP forecast of 35.7% at June 30, 2021
'Biggest budget deficit since WW2' headlines about the place - yeah, it is. Lots of support being provided to people and firms.
Australian Treasurer Frydenberg budget update
AUD barely moving, stay tuned for the business confidence number from NAB at the bottom of the hour.
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