Scott Morrison: Storm clouds gather Down Under

Australia's treasurer appears to be making progress on the budget deficit, but seems to lack a strategy for a return to surplus amid an unexpectedly flat economy.

Scott Morrison’s mid-year report card in December 2016 showed a better than expected budget deficit of A$37.1 billion ($28.3 billion), suggesting the treasurer has made some headway in fixing Australia’s budget. 

¬ Haymarket Media Limited. All rights reserved.

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