Punters Betting On Another Labor Budget Deficit

Regardless of what Treasurer Wayne Swan announces tonight, the Federal budget looks set for a deficit according to online bookmaker sportsbet.com.au, who have priced a market that the 2012-2013 budget will be in the red by September 2013.

According to sportsbet.com.au, the budget ending in deficit is the favourite outcome at $1.40, while the chances of a surplus looks long at $2.30.

“Regardless of all the spruiking that the budget will be back in the black, we don’t see it happening,” said sportsbet.com.au’s Shaun Anderson.

“We expect there to be a heap of measures put in place to try and get the economy back in shape, but at the end of the day we still think the budget will be in deficit.”

These promo betting odds are direct from Sportsbet.com.au. Bet with Sportsbet Australia, enjoy these odds and receive a $500 Sportsbet Free Bet. Just use the Sportsbet Promo Code 27110 when joining Sportsbet.

Will the Federal Government’s 2012-2013 budget be in surplus or deficit?

(Market determined on the underlying cash balance in the Final Budget Outcome tabled in the parliament by the end of September 2013)
$1.40 Deficit
$2.30 Surplus