Australian budget 2020: Treasurer forecasts net debt to reach just under $1 trillion – video
by from on (#58V0C)
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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