Betting suggests good news for Budget

Posted by on 3/4/2017
Filled in: Betting News

Online bookmaker sportsbet.com.au has opened betting for the budget announcement with a surplus yet again not on the horizon.

  • Deficit announcement tipped to reveal a better financial scenario than last year.
  • Between $27 – $27.99 billion is the most likely deficit revealed.
  • No surplus expected until after 2020 according to the betting.

The treasurer is expected to announce that the deficit is in a better situation than the $36.5 billion announced last year at odds of $1.02, faring worse off pays $10.

A surplus being delivered before 2020 pays $4.00 and it’s more likely not to be the case at odds of $1.20.

The figure predicted for the deficit is tipped to be between $27bn and $27.99bn at odds of $3.50 while the GDP forecast is expected to be 2.01% to 3% at odds of $1.50.

“The good news judging from the odds is that we’re tipped to be in a better position than last year but the bad news is that achieving a surplus doesn’t look likely anytime soon,’’ said sportsbet.com.au’s Will Byrne.

 

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Deficit better or worse than $36.5bn?

$1.02   Better

$10      Worse

 

Size of Deficit

$7.00   Less than $25bn

$7.50   $25bn – $25.99

$4.50   $26bn – $26.99

$3.50   $27bn – $27.99

$5.00   $28bn – $28.99

$7.50   $29bn – $29.99

$7.00   $30bn or more

 

GDP Forecast

$15      Less than zero

$12      0 – 1%

$6.00   1.01% – 2%

$1.50   2.01% – 3%

$9.00   3.01% – 4%

$8.00   More than 4%

 

Surplus by 2020?

$1.20   No

$4.00   Yes

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