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.
source https://www.smh.com.au/politics/federal/frydenberg-unveils-biggest-deficit-since-world-war-ii-20200722-p55ejf.html?ref=rss&utm_medium=rss&utm_source=rss_feed
source https://www.smh.com.au/politics/federal/frydenberg-unveils-biggest-deficit-since-world-war-ii-20200722-p55ejf.html?ref=rss&utm_medium=rss&utm_source=rss_feed
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