Antipodean Macro

Antipodean Macro

Only Charts

ONLY CHARTS #434

Aus government finances, NZ housing loans, China trade volume, US CPI

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Antipodean Macro
Oct 27, 2025
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1. The Australian Government’s underlying budget deficit was ~0.8% of GDP in Q3…

…and was (unsurprisingly) running a little more than $5b ahead of the Budget profile.

2. Australia’s federal net government debt remained a little under 20% of GDP in September.

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