Australian state New South Wales predicts USD820m deficit| MENAFN.COM

Thursday, 27 January 2022 05:10 GMT

Australian state New South Wales predicts USD820m deficit

(MENAFN) Australia's state of New South Wales is home to approximately one third of Australian people said that they predict a larger deficit budget for the next fiscal year of 2012-2013, reported Bloomberg. The budget deficit is expected to reach USD820 million according to Mike Baird the state treasurer. The reasons behind the budget deficit gap were cited as lower revenues from the Goods and Services Taxes.

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