Australian Treasurer Frydenberg sees CPI inflation at 3% in 2022/23

Australian Treasurer Josh Frydenberg is presenting the federal budget on Tuesday, highlighting the following points.

"Australia sees a 2022/23 budget deficit at A$78.0 bln vs. A$98.9 bln projected in December."

"Australia sees GDP growth at 4.25% in 2021/22, 3.5% in 2022/23."

"Australia sees the unemployment rate at 3.75% in 2022/23."

"Australia sees CPI inflation at 3% in 2022/23."