Monday, April 26, 2021

Budget back in post-pandemic balance? UBS bets on possible surplus in 2025.

With the federal budget just a fortnight away, optimism is growing that Australia's exit from the pandemic-induced economic crisis could be sooner rather than later. 

Investment bank UBS predicts the budget deficit could be $35 billion smaller than flagged in the midyear economic update. 

Chief economist George Tharenou thinks it's "plausible" that the budget could be back in balance by 2024/25 with a $200 billion improvement.

Here's my analysis from The World Today


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