The federal government debt has jumped to nearly 25% of gross domestic product (GDP), courtesy of the significant surge in the increased welfare payments amid the coronavirus crisis, the Australian Treasurer Josh Frydenberg said at a news briefing in Canberra on Friday.
Additional comments
“Government debt for the year ending June 30 totaled A$491.2 billion ($346.6 billion), or 24.8% of the country's GDP.”
“The figure is slightly higher than Australia's official forecast in July of A$488.2 billion, or 24.6% of GDP.”
“The budget swung into a massive deficit of A$85.3 billion, slightly lower than its July forecast of A$85.8 billion.”
Market reaction
Amid risk-on buying and broad US dollar pullback, the recovery in the AUD/USD pair is gaining momentum above 0.7050. The AUD bulls ignore the above comments. The spot adds 0.13% to now trade at 0.7056.
作者：Dhwani Mehta，文章来源FXStreet，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: followme.asia
加载失败()