SYDNEY (Reuters) - Reserve Bank of Australia (RBA) Governor Philip Lowe said on Friday the outlook for rising U.S. budget deficits was "very problematic."
Investors are worried about the twin deficits in the United States amid a government spending splurge and large corporate tax cuts. Lowe said he would not want tax cuts in Australia to lead to higher deficits.
The U.S. national debt recently topped $20 trillion, while the 2019 fiscal deficit is projected at near $1 trillion, including deficit-financed tax cuts.
(Reporting by Swati Pandey and Wayne ColeEditing by Shri Navaratnam)
