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Article: Federal interest burden lightens.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 4, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: David Crowe
Oct 04, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The Australian Government is expected to revise its debt program estimates in late 2009, in response to a fall in the federal Budget deficit to $A5bn. Citigroup said interest linked to the debt was likely to reach $A23.7bn in the four years to 2013, rather than the $A37.8bn forecast by the Government. Analysts said Commonwealth debt ...