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Australia Projects Lower Budget Deficits and Moderate GDP Growth Through 2027/28
Australia forecasts budget deficits of A$28.3 billion in 2025/26, rising slightly to A$31.5 billion in 2026/27 and A$31.0 billion in 2027/28, with net debt expected to reach 21.9% of GDP by 2029/30. The government anticipates GDP growth around 2.25% and inflation easing to 2.5% by 2029/30, while unemployment is projected to stay near 4.25-4.5%. Treasurer Chalmers stated the budget supports efforts to combat inflation.
Date:
12.05.2026 |
Source:
FOR-EX.NEWS
Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.173730 | -0.38277% |
| GBPUSD | 1.352400 | -0.6224% |
| USDJPY | 157.600000 | +0.3055% |
| XAUUSD | 4690.715000 | -0.94479% |
| USDCAD | 1.371160 | +0.24931% |
| NZDUSD | 0.594660 | -0.30526% |
| USDCHF | 0.781330 | +0.54951% |
| AUDUSD | 0.722190 | -0.44611% |
| EURGBP | 0.867860 | +0.25646% |
| EURJPY | 184.976000 | -0.056192% |
| GBPJPY | 213.134000 | -0.27979% |
| AUDJPY | 113.823000 | -0.073744% |
| CADJPY | 114.941000 | +0.068778% |
| CHFJPY | 201.675000 | -0.1772% |
| NZDJPY | 93.716000 | +0.054449% |
| GBPCHF | 1.056570 | -0.13894% |
| EURCHF | 0.917090 | +0.077479% |
| USDMXN | 17.249970 | +0.47687% |
| USDZAR | 16.537100 | +0.83721% |
| USDTRY | 45.394920 | +0.13372% |
| USDRUB | 74.040000 | +0.61478% |
| USDSEK | 9.282400 | +0.94503% |
| USDCNY | 6.791500 | -0.041211% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 12.05.2026 | ||||
| 12:30 | 🇺🇸 | Core Inflation Rate MoM (Apr) | 0.3 | 0.2 |
| 12:30 | 🇺🇸 | Core Inflation Rate YoY (Apr) | 2.7 | 2.6 |
| 12:30 | 🇺🇸 | CPI MoM (Apr) | 0.3 | 0.2 |
| 12:30 | 🇺🇸 | CPI YoY (Apr) | 3.7 | 3.3 |
| 12:30 | 🇺🇸 | Inflation Rate MoM (Apr) | 0.6 | 0.9 |
| 12:30 | 🇺🇸 | Inflation Rate YoY (Apr) | 3.7 | 3.3 |
| 13.05.2026 | ||||
| 01:30 | 🇦🇺 | Westpac Consumer Confidence Change (May) | 1.1 | -12.5 |
| 12:30 | 🇺🇸 | Producer Price Index MoM (Apr) | 0.5 | 0.5 |
| 14.05.2026 | ||||
| 06:00 | 🇬🇧 | GDP Growth Rate QoQ (Q1) | 0.6 | 0.1 |
| 06:00 | 🇬🇧 | GDP Growth Rate YoY (Q1) | 0.8 | 1 |