<<< back to article list

Budget expected to show $2.1B fall in revenue

Blog by Brad Herman | March 19th, 2013

Thursday's Federal Budget will grapple with how to compensate for a $2.1-billion drop in revenues, Reuters has learned.

The official, who declined to be named, said the $2.1-billion figure is based on a cut to a 2013 government forecast for nominal gross domestic product to 3.3 percent from an earlier forecast 4 percent.