Australia's budget deficit expands to $28.3 billion due to increased veteran claims processing.

The Australian federal budget has seen a $1.8 billion increase due to resolving a backlog of claims from veterans, totaling over 66,000 individuals. This rise comes as the government processes claims faster than expected, left behind by the previous administration. Despite a projected $15.8 billion surplus this year, the budget now predicts a $28.3 billion deficit, partly due to decreased company tax collections.

3 months ago
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