Australia's mid-year budget update expected to include approximately A$10bn in savings

<p>Australia's Mid-Year Economic and Fiscal Outlook (the mid-year budget update) is likely to include around A$10 billion in savings. </p><ul><li>Its due on Wednesday, 13 December 2023 </li></ul><p>Finance Minister Katy Gallagher :</p><ul><li>" … our responsible approach will ensure we are not putting upwards pressure on inflation" </li><li>"We are continuing to show restraint and to find savings and reprioritisations to account for new spending, some of which is unavoidable,"</li></ul><p><a href="https://www.reuters.com/markets/australia-mid-year-budget-flag-spending-curbs-amid-inflation-risks-2023-12-12/" target="_blank" rel="nofollow">Reuters have moree here:</a></p><ul><li>government looks to cut spending in a bid to contain high inflation
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This article was written by Eamonn Sheridan at www.forexlive.com.