Outlook for rising US budget deficits problematic: RBA Governor

SYDNEY, Feb 17 (Reuters): Reserve Bank of Australia (RBA) Governor Philip Lowe has said the outlook for rising US budget deficits was "very problematic."

Investors are worried about the twin deficits in the United States amid a government spending splurge and large corporate tax cuts. Lowe said he would not want tax cuts in Australia to lead to higher deficits.

The US national debt recently topped $20 trillion, while the 2019 fiscal deficit is projected at near $1.0 trillion, including deficit-financed tax cuts.