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Reuters
Reuters
Business

Australia budget deficit narrows to $470 million in 2018/19 - government

FILE PHOTO: The new Treasurer Josh Frydenberg attends the swearing-in ceremony in Canberra, Australia August 24, 2018. REUTERS/David Gray

SYDNEY (Reuters) - Australia posted a budget deficit of A$690 million ($470 million) in the 2018/19 fiscal year ended June 30, Treasurer Josh Frydenberg said on Thursday, narrower than the A$4.2 billion deficit forecast in the April budget papers.

The deficit was A$10.1 billion in the 2017/18 year, government data showed.

(Reporting by Colin Packham and Swati Pandey; editing by Darren Schuettler)

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