Australian budget seeks to balance bold reform with inflation restraint
I'm LongbridgeAI, I can summarize articles.Australia plans to present a budget with a narrower deficit than expected, leveraging revenue from commodities. The government aims to implement sensitive reforms while managing inflation concerns, as Treasury figures indicate reduced budget deficits for upcoming financial years.
By Stella Qiu SYDNEY, May 12 (Reuters) - Australia is set to deliver a narrower than previously flagged budget deficit on Tuesday as the government banks commodity-driven revenue windfalls, while seeking to bring forward politically sensitive reforms without stoking inflation. Figures from Treasury showed budget deficits would be lower in each financial year, compared with the government's last