In his budget speech on Tuesday night, the treasurer, Josh Frydenberg, declared that ‘in 2020, Australians had been tested like never before’ before announcing $98bn of spending and business concessions.
The economic plan will see the deficit reach $213.7bn this year. Net debt is also forecast to peak at a record $966bn or 44% of GDP by June 2024.
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Continue reading…In his budget speech on Tuesday night, the treasurer, Josh Frydenberg, declared that ‘in 2020, Australians had been tested like never before’ before announcing $98bn of spending and business concessions. The economic plan will see the deficit reach $213.7bn this year. Net debt is also forecast to peak at a record $966bn or 44% of GDP by June 2024.After a bastard of a year, the Coalition unveils a budget of heroic optimism. But will it work?How fair are the tax cuts in the 2020 Australian budget?Less Thatcher, more vanilla slice: Frydenberg’s 2020 Australian budget packs a sugar hitContinue reading…