The Australian Financial Review reports that Australian Treasurer Chris Bowen will release the government’s economic statement at 1pm local time today (0300GMT).
- To include a tax on bank deposits
- Reduced economic growth
- Revenue hit of more than $30 billion
- A higher jobless rate than forecast in the May budget
Link (gated)
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Nothing in the AFR’s report suggsts measures that haven’t already been foreshadowed. But there is potential for surprises (although the likelihood is low). Heads-up for AUD traders.
