The Conversation

Federal budget deficit climbs to $40.4bn: experts react

Author: The Conversation

Treasurer Joe Hockey and Finance Minister Mathias Cormann say the government's mid year outlook sets the path to budget recovery.AAP/Lukas Coch

The federal budget deficit will blow out to A$40.4 billion in 2014-15, up from the $29.8 billion forecast in May’s budget, according to the Mid-Year Economic and Fiscal Outlook (MYEFO) released today.

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