- Says global slowdown make it harder to deliver a surplus.
- Australia still seeing trend GDP growth, low unemployment.
- Says Australian growth has moderated.
- Says tighter fiscal policy enabled RBA to reduce rates.
- Calls Australia a ‘beacon of strength’ amid global slump.
- Says Australian resource investment to stay at high level.
- Says government to ensure budget settings ensure jobs, growth.
AUD/USD steady at 1.0314/17.
BBG headlines
