Australian budgetAustralian Economy

Frydenberg’s surplus headed for “sizeable deficit”

David Llewellyn-Smith
Wednesday, 23 October 2019
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Via the ABC:

There is now a real risk the government’s coveted budget surplus is at risk of turning into a sizeable deficit, according to several economists.

While it is too early to judge the final position of the budget, figures released by the Department of Finance last week show the budget is now back in deficit by $4.8 billion.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.