CANBERRA, Sept. 24 -- Australia's final budget outcome for the 2009/10 financial year (July 2009-June 2010) was a 54.8 billion dollars (52 billion U.S. dollars) deficit, the federal government announced on Friday.
- ?6 W% i4 f3 w- Y: x The result was a 2.3 billion dollars (2.2 billion U.S. dollars) improvement on the 57.1 billion dollars (54.1 billion U.S. dollars) deficit estimated at the time of the May budget.' h9 H2 L L% U# C
The final result, revealed on Friday, was due to lower-than-estimated cash payments - 2.6 billion dollars (2.5 billion U.S. dollars) - while cash receipts also were lower by 249 million dollars (236 million U.S. dollars).( }* x9 B& Y" Z! u; E
Total taxation receipts were 14 million dollars (13 million U.S. dollars) higher than previously forecast.2 t+ M) c7 { u1 ^# g* Q
Treasurer Wayne Swan and Finance Minister Senator Penny Wong said the budget outcome was in "far better condition" than other comparable nations.
* {5 y0 } t4 z4 g7 r9 e& m& t; X "(It puts) us in a strong position to deliver a surplus in 2012/ 13," they said in a joint statement.
# n, i/ S, a# Y) O+ B" y( A4 H The final budget document said economic growth in Australia was now strengthening and tax receipts recovering after the impact from the global financial crisis.2 w; D h/ g0 o6 l N% z
At the end of 2009/10, the level of Australian government net debt was 42.3 billion dollars (40 billion U.S. dollars), or 3.3 percent of gross domestic product (GDP), which was 445 million dollars (422 million U.S. dollars) higher than expected at the time of the May budget.0 V2 Q n& ^3 A% ^: T( t
"This is dramatically lower than the net debt position for the major advanced economies, which average a collective 70 percent of GDP in 2009," the statement said.7 R; _* T5 M' \ M) E; i
Related:3 e8 S1 J1 z0 h- N0 X6 I+ D. w
Reserve Bank of Australia tips to raise interest rate soon
8 g( o& `1 j4 D/ l: ^ CANBERRA, Sept. 21 (Xinhua) -- The minutes of the lastest board meeting of the Reserve Bank of Australia (RBA) released Tuesday suggested the central bank is closer to raising the interest rate than first thought, possibly as early as October.
' j3 b! F. u1 U) } The minutes of the Sept. 7 meeting said the board's case for the economic outlook would require higher interest rates to keep inflation consistent with its 2-3 percent target band. Full story1 `3 q6 R1 H0 [/ M
World economy still facing challenges: Australian Treasurer
! l! h9 f Z1 m/ @+ T CANBERRA, Sept. 9 (Xinhua) -- The latest shaky assessment of the global economy proves recovery will be an ongoing challenge, Australian Treasurer Wayne Swan said on Thursday.
. Z0 x4 t, @: L5 N) | C& @ But he has also used it as a reminder of how well Australia has fared through the economic crisis. |
发表于 2012-8-16 08:12:37
