Australia Current Account Surplus or Deficit – Latest Data
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Australia’s current account has swung from deep deficit to rare surplus, and the debate never stops. Greg Jericho warns that budget choices matter more than the headline numbers, while Contra Krugman and Croaking Cassandra dissect the balance of payments drama. The Curious Case of Australia’s Brief Current Account Surplus reveals a $10.7 billion deficit that once widened, then turned positive after 44 years. Mr Symonds calls the shift a big deal, and The Guardian’s seven graphs track every twist. Expect plenty of talk about deficits and investment surpluses, because budgets are always about choices. View the full gallery above.