Canberra: Australia’s Treasurer Josh Frydenberg on Tuesday warned that the government’s promised budget surplus could be jeopardized by the bushfire crisis.
Frydenberg had previously promised to deliver a budget surplus of A$5 billion ($3 billion) in the financial year 2019-20, the first surplus since 2007-08, reports Xinhua news agency.
However, he conceded that the surplus could be diminished by the “uncertain” economic impacts of a bushfire that has affected Australia’s states and territories. “The budget is back in balance for the first time in 11 years,” he said. (IANS)