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Government to reveal impact of coronavirus on economy after extending JobKeeper, JobSeeker – ABC News

Australia will record the largest budget deficit in modern history, after the coronavirus pandemic triggered an unparalleled spending blitz, the Federal Government is expected to confirm today.

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Australia will record the largest budget deficit in modern history, after the coronavirus pandemic triggered an unparalleled spending blitz, the Federal Government is expected to confirm today.
Key points:

  • Treasurer Josh Frydenberg will announce the largest budget deficit since WWII
  • Coronavirus spending measures have topped $164 billion
  • Just seven months ago, the Government was expecting a budget surplus

Treasurer Josh Frydenberg will update the nation on the…

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