Falling JobKeeper demand and booming iron ore prices offer $16 billion improvement to Federal Budget

Falling JobKeeper demand and booming iron ore prices offer $16 billion improvement to Federal Budget
Posted
ThuThursday 17
updated
ThuThursday 17
DecDecember 2020 at 5:04am
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Fewer people needing JobKeeper as well as booming iron ore export prices have delivered a $16 billion improvement to the Federal Budget's bottom line, but the Government is still on track for a record deficit.
Key points:
A record deficit is still expected at $198b, down from $214b forecast in October
The number of people on JobKeeper sits at 1.6 million, down from the 2.2 million expected

Related Keywords

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