Latest video release regarding Coronavirus. Watch this “Federal Government deficit hits record high of $86b as coronavirus devastates the economy | ABC News” video below:
Australia’s budget deficit hit almost $86 billion last financial year, the biggest blow to the bottom line since World War II, Treasurer Josh Frydenberg has revealed.
The deficit is projected to grow even further this financial year, with the Government forecasting a blowout of more than $184 billion in 2020-21.
The Government has delayed the budget until October and instead today delivered…..(read more)