Australia rises to second in world budget management rankings, IMF data shows
by Peter Hannam Economics correspondent from Economics | The Guardian on (#6M5C3)
Treasurer and finance minister hail remarkable achievement' as monitor finds balance to be behind only Canada among G20 countries
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Australia's overall budget balance is the second strongest among G20 nations, behind only Canada, according to the International Monetary Fund's latest fiscal monitor.
The IMF's half-yearly update, released on Wednesday night, found Australia's overall budget balance came in at -0.9% of gross domestic product in 2023, with only Canada's budget position (-0.6%) faring better.
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