National
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.
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…
