Australia’s current account surplus hits $11.8 billion [Video]

Australia has recorded a current account surplus of $11.7 billion, according to Sky News Business Editor Ross Greenwood.

Mr Greenwood pointed out “once upon a time” a current account surplus would have been cheered from a Treasurer.

“But not today,” he said.

“Australia, in the December quarter, had a current account surplus of $11.8 billion.

“That surplus, more money coming into the country than going out, was driven by higher coal and iron ore exports.”