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Australian Treasurer Chalmers says “within reach” of budget surplus

Australian Treasurer Chalmers remarks via Reuters:

  • Second consecutive budget surplus within reach
  • This is not the time
    for scorched earth austerity
  • This is not the time
    to slash and burn in the budget
  • We will chart a
    responsible middle path in budget

If he is building us up like this then its likely to be a surplus. At the margin this takes some pressure off the RBA.

This article was written by Eamonn Sheridan at www.forexlive.com.

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