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ANZ On The Prospect Of A Better Than Expected Fiscal Outcome

AUSTRALIA

ANZ note that "the fiscal numbers from the latest monthly financial statements (MFS) showed a considerably better underlying cash deficit over the three months from December to February compared to what was forecast at MYEFO. We think this trend of better fiscal outcomes is likely to continue over the remainder of the financial year, delivering a deficit possibly as low as AUD155bn – or around 43bn better than expected in the MYEFO for 2020-21."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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