Australian PM says will not deliver federal budget until October


Reuters | Sydney | Updated: 20-03-2020 09:07 IST | Created: 20-03-2020 09:07 IST
Australian PM says will not deliver federal budget until October
  • Country:
  • Australia

Australia will not release its federal budget until October as it was not "sensible" to put together economic forecasts during such uncertain times, Prime Minister Scott Morrison said on Friday. The announcement comes as the lockdowns and the travel bans related to the coronavirus pandemic has jolted Australia's A$2 trillion ($1.17 trillion) economy which is now on the verge of its first recession in nearly three decades.

The number of coronavirus cases across Australia surged to nearly 800 with the bulk of the patients in the country's most populous state of New South Wales. ($1 = 1.7117 Australian dollars)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback