Australia Budget Gap to Narrow Sharply Then Swell, Deloitte Says.

Treasurer Jim Chalmers, who will hand down his second budget on Tuesday, is currently examining potential changes to a petroleum resource rent tax to try to generate more tax revenue from the energy industry. (Bloomberg) -- Australia's fiscal coffers will see a windfall gain from tax revenue due to high commodity prices and low unemployment, Deloitte Access Economics said, even as the nation's long-term structural deficit worsens. [Extracted from the article]