Australian budget: sees 2025-26 budget deficit AUD 42.1bln vs. Exp. AUD 40bln
- Has unveiled new tax cuts that will cost AUD 17.1bln over 5 years.
- Sees 2024-25 budget deficit AUD 27.6bln
- Sees net debt rising to 23.1% of GDP in 2028/2929
- 2024/25 inflation seen at 2.5%, 2025/26 seen at 3% and 2.5% through 2027/28
- 2024/25 GDP seen at 1.5%, 2025/26 seen at 2.25% and 2.5% 2026/27
- 2024/25 Unemployment seen at 4.25% and staying there through 2027/28
25 Mar 2025 - 08:32- Data- Source: Newswires
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