{"id":170103,"date":"2025-09-26T09:55:11","date_gmt":"2025-09-26T09:55:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/170103\/"},"modified":"2025-09-26T09:55:11","modified_gmt":"2025-09-26T09:55:11","slug":"australias-budget-position-is-more-fragile-than-thought","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/170103\/","title":{"rendered":"Australia&#8217;s budget position is more fragile than thought"},"content":{"rendered":"<p>BMI\u2014A Fitch Solutions Company\u2014has published an analysis of the federal budget, which forecasts that Australia\u2019s budget balance will fall into deficit in FY2025 (July to June) as \u201cthe government increases spending in response to the persistent cost-of-living crisis\u201d.<\/p>\n<p>BMI forecasts a deficit of 1.0% and 0.5% in FY2025 and FY2026, respectively.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Budget-deficit.png\" width=\"660\" height=\"470\" alt=\"Budget deficit\"\/><\/p>\n<p>\u201cFor FY2025, we forecast that the UCB [underlying cash balance] will record a deficit of 1.0% of GDP\u201d, BMI noted. \u201cThis shortfall is attributed to policy efforts to alleviate the financial strain on citizens caused by the cost-of-living crisis and still high (albeit declining) interest rates\u201d.<\/p>\n<p>Advertisement<\/p>\n","protected":false},"excerpt":{"rendered":"BMI\u2014A Fitch Solutions Company\u2014has published an analysis of the federal budget, which forecasts that Australia\u2019s budget balance will&hellip;\n","protected":false},"author":2,"featured_media":170104,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-170103","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/170103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=170103"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/170103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/170104"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=170103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=170103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=170103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}