Australia’s “eye popping” budget deficit and public debt blow out – can it be paid off? Does it matter? | AMP Capital
Australia’s “eye popping” budget deficit and public debt blow out – can it be paid off? Does it matter? Key points The Australian Federal budget next month will likely see a further blow out in the budget deficit due to the ongoing hit to tax revenue & more stimulus. We expect an “eye popping” 2020-21 deficit of around $230bn. Stepped up economic reforms will help grow the economy but are unlikely to drive a …
