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Coronavirus has upended surpluses and smashed the Government’s accounts. Here are some key numbers – ABC News

Treasurer Josh Frydenberg’s economic update paints a very different picture to forecasts from the end of 2019. Here are the key numbers and how they’ve changed.



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At the end of 2019, Treasurer Josh Frydenberg took to his feet in Parliament House to address an un-socially-distanced press pack on the Mid-Year Economic and Fiscal Outlook (MYEFO).
He told them the Government would prevail in its quest to deliver a long-promised budget surplus of $5 billion in the 2019-20 financial year.
But within weeks, the coronavirus would become headline news, relegating the promise to the trash heap.
Today’s update shows a deficit of $85.8 billion is estimated for th…

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