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‘We will get through this together’: Frydenberg unveils biggest deficit since World War II – Sydney Morning Herald

Treasurer Josh Frydenberg has revealed the budget will be in the red by $85.8 billion in 2019-20 and $184.5 billion in 2020-21 due to drastic spending to mitigate the damage from the coronavirus pandemic.



“Australia is experiencing a health and economic crisis like nothing we have seen in the last 100 years,” he said. “Our economy has taken a big hit and there are many challenges we confront. We can see the mountain ahead and Australia begins to climb. We must remain strong.
“We will get through this and we will get through this together.”
One of the major concerns facing the government is job creation, with more than 870,000 jobs lost between March and May this year. About 1 million workers sa…

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