Australia Treasury cash deficit for 2016/17 revised lower

Omkar Godbole FXStreet Contributor

Australia Treasury cash deficit for 2016/17 has been revised lower to $33.2 billion from the previous forecast of $37.6 billion published in May. The Treasury said higher taxes on company profits and on capital gains from the propety market, welfare spending reduction helped improve the cash deficit.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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