Market Alert : Triple Threat Alert — Middle East Explodes, Inflation at 4.2%, Peace Deal in Ruins

ABS provides Insights into Government Finance Statistics

Australian Bureau of Statistics (ABS) has reported a drop in taxation revenue by 16.6% to AU$160.5 billion in September 2022 quarter. General government net operating balance declined AU$28.2 billion to -AU$15.0 billion. The general government borrowing during the period was AU$25.3 billion.