Australia

Budget deficit sees big improvement due to commodity prices: Clennell English Headline


There has been a significant improvement in the budget deficit, which is “just north of $30 billion for 2021-22,” according to Englishheadline Political Editor Andrew Clennell.

“Last year they told us it would be a deficit of $106 billion. Then at MYEFO in December, it was $99 billion. Then, at what is called PEFO, pre-election in April, it was $78 billion,” Mr Clennell said.

“Englishheadline has previously reported that the deficit would be less than half the $78 billion figure contained in PEFO in April, mostly due to the improvement in commodity prices.

“Now the final budget outcome is set to come in at around $30 billion as Australians’ digging of holes in the ground continues to pay dividends in terms of royalties and tax,” he said.



English Headline

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