Commitment to fiscal restraint anticipated
NZPA-AAP Sydney
Both domestic and international capital markets are looking to tomorrow’s federal Budget to confirm the Australian Government’s commitment to fiscal restraint.
Such a commitment, in a sharply lower projected Budget deficit for 1987-88 of under $1 billion, is expected to add to the financial market’s bullish tone.
In the lead up to tomorrow’s statement the markets have lifted the Australian dollar to 16month highs and reduced interest rates to near three year lows.
The Budget will also be a testing ground for further home loan interest reductions in the coming weeks.
This follows cuts in deposit rates by the major banking houses late in August and earlier this month.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19870914.2.91.8
Bibliographic details
Press, 14 September 1987, Page 10
Word Count
116Commitment to fiscal restraint anticipated Press, 14 September 1987, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in