A day after chief economist at Industry Super Australia, Stephen Anthony, penned an article projecting Budget deficits for the next decade and beyond, driven by publicly funded employment (disability support, education and health) and infrastructure investment, Westpac is still projecting a return to surplus by 2020-21. From The Australian:
A budget analysis by Westpac economists Bill Evans and Andrew Hanlan predicts that the overall deficit for the next four years will be reduced from $46bn to $40bn.
