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The Australian government’s projected deficit will shrink to $197.7bn this year, as better jobs numbers, higher tax receipts and decreased spending on wage subsidies boost government coffers.
On Thursday the treasurer, Josh Frydenberg, and finance minister, Simon Birmingham, released the mid-year economic and fiscal update showing the effects of Australia’s return to growth in September at the tipping point of the Covid-19 recession.
The number of confirmed coronavirus cases in Germany increased by 26,923 to 1,406,161, data from the Robert Koch Institute for infectious diseases showed on Thursday.
The reported death toll rose by 698 to 24,125, the tally showed.
Read the original article at The Guardian