Deloitte Access Economics predicts deepest budget deficits since pandemic

Sky News Business Editor Ross Greenwood discusses Deloitte's economic predictions, highlighting a $33.5 billion deficit for the current financial year, which is $5.2 billion worse than expected. Deloitte Access Economics’ half-yearly budget monitor report revealed the economy has been growing at the slowest annual rate since the 1990s (excluding COVID). According to Deloitte, the country's economic growth has been forecast to remain weak, with the federal budget set to worsen significantly.