Moody’s – Australia budget deficit could be wider than government forecasts

Moody's Investors Service says, “that Australia's budget for the fiscal year ending 30 June 2018 (FY2018) supports Moody's assessment of the sovereign's very high fiscal strength, but the country's deficit will likely prove wider than the Australian government (Aaa stable) expects.”

Key points

Revenues will not rise as fast as the government projects

Expenditure spending will remain higher than budgeted