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Deloitte predicts December budget update will show bottom line has worsened since May, in fiscal ‘thud’

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

Next month’s update of the federal budget will forecast a bigger deficit for 2024-25 than was predicted in the May budget, according to the Deloitte Access Economics’ Budget Monitor, released on Tuesday.

Deloitte forecasts a deficit for the current financial year of $33.5 billion, $5.2 billion worse than the $28.3 billion deficit that...

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