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Australia budget deficit narrows to A$690m in 2018/19: government

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Australia posted a budget deficit of A$690 million (S$647.5 million) in the 2018/19 fiscal year ended June 30, Treasurer Josh Frydenberg said on Thursday, narrower than the A$4.2 billion deficit forecast in the April budget papers.

[SYDNEY] Australia posted a budget deficit of A$690 million (S$647.5 million) in the 2018/19 fiscal year ended June 30, Treasurer Josh Frydenberg said on Thursday, narrower than the A$4.2 billion deficit forecast in the April budget papers.

The deficit was A$10.1 billion in the 2017/18 year, government data showed.

REUTERS

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