Australia: Final Budget Outcome better than expected - TDS

Sandeep Kanihama FXStreet Contributor

Australia’s Final Budget Outcome for 2017-18 is substantially better than expected, supporting last week's S&P upgrade from a negative outlook to AAA/stable, according to research team at TD Securities.

Key Quotes

“The Budget Outcome was a deficit of -$A10.1b, a $19.3b improvement compared with the estimate in May 2018. Receipts rose by $13.4b and expenditure slipped by $6.9b.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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