Australia budget day – preview

The Australian federal government budget will be announced today
–  2017-18 Federal Budget
– At 7.30pm Sydney time ( 0930GMT Tuesday 9th May)
– The ‘headline’ is the expected budget deficit, median is at $A28bn
There is much more detail, of course, and I’ll post up more a little later, but the above is what traders will be immediately be focused on.