Business News
Home > Business News
Aus budget to prioritize unemployment over debt: Treasurer
TIWN
TIWN
PHOTO : TIWN
Canberra, Sep 27 (TIWN) Australian Treasurer Josh Frydenberg on Friday declared that the government will not embark on budget repair until the unemployment rate falls back below 6 per cent.
With the Australian budget for financial year 2020/21 set to be handed down on October 6, Frydenberg said that paying down the deficit while unemployment remained high would be “damaging” to the economy, reports Xinhua news agency.
Add your Comment
Comments (0)
More Business News
- Govt directs NCCF, NAFED to start buying 5 lakh tonnes of onion directly from farmers
- Adani Green Energy Gallery in UK to explore sustainable energy options to fight climate change
- Elon Musk thought that OpenAI would fail: Sam Altman
- India’s forex reserves surge for 3rd week in row to touch $642.5 billion mark
- DGCA imposes Rs 80 lakh fine on Air India for flight duty timing violations