Australian Treasurer: Smaller Budget Deficits and A Million More Jobs

Australian Treasurer: Smaller Budget Deficits and A Million More Jobs
Australian treasurer Josh Frydenberg speaks during the release of the 2021 Intergenerational Report in Melbourne, Australia on June 28, 2021. Photo by WILLIAM WEST/AFP via Getty Images
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Treasurer Josh Frydenberg is forecasting a slightly smaller budget deficit for the 2021/22 financial year while predicting strong economic recovery and a sharp fall in the unemployment rates.

He is also predicting in his mid-year budget review wages growth of three percent in 2023/24, a rate not seen since the coalition came to power in 2013.

Marina Zhang
Marina Zhang
Author
Marina Zhang is a health reporter for The Epoch Times, based in New York. She covers both health news and in-depth features on emerging health issues. Marina holds a bachelor's degree in biomedicine from the University of Melbourne. Contact her at [email protected].
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