Australia’s annual budget deficits worsen by $7.5 billion U.S.

The budget would return to surplus in 2020-21, despite falling revenue and a slowing economy, Treasurer Scott Morrison said.

• The Star
• Rod McGuirk

CANBERRA, AUSTRALIA—Australia’s projected budget deficits for the next four years have increased by 10.3 billion Australian dollars (US$7.5 billion) to AU$94.9 billion as the economy continues to slow following a China-driven…

• Australia’s annual budget deficits…