December 19, 2016 / 1:09 AM / 7 months ago

Australia govt predicts smaller deficit in 2016/17

1 Min Read

SYDNEY, Dec 19 (Reuters) - Australia's conservative government on Monday forecast its budget deficit for the fiscal year to June 2017 would amount to A$36.5 billion ($26.60 billion), down from an original A$37.1 billion prediction.

In his half year fiscal outlook, Treasurer Scott Morrison projected the budget would get back to surplus by 2020/21 unchanged from his forecast in June.

$1 = 1.3721 Australian dollars Reporting by Wayne Cole

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