- Australian Treasurer Chalmers: Budget deficit will be around A$50bn smaller than forecast
Market news
20 September 2022
Australian Treasurer Chalmers: Budget deficit will be around A$50bn smaller than forecast
Australia’s Treasurer Jim Chalmers revealed on Tuesday that the country’s budget deficit will be around A$50 billion smaller than forecast.
Additional quotes
“The final budget will be released next week.”
“The budget deficit in FY 21/22 will show improvement on the forecast.”
“Australia to support G7 initiative on cap on Russian oil prices.”
Market reaction
At the time of writing, AUD/USD is testing lows at 0.6713, shrugging off the above comments from Chalmers. The spot is down 0.16% on the day.
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