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“Australia’s Trade Surplus Strengthens Fiscal Position”

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“Australia’s Trade Surplus Strengthens Fiscal Position”

Despite global trading deficits, Australia stands out as an exception due to its widening trade surplus in May, driven by increased exports of gold, natural gas, and coal. This growth has boosted company tax revenue and improved the nation’s fiscal position. Additionally, despite short-term pressures on the Australian Dollar, the currency remains one of the most reliable and attractive options for long-term investment. This is due to Australia’s positive trading surplus, low national debt, narrow budget deficit, and high interest rates.