Budget 2020: the cuts, the spends and the deficit in 7 charts

- October 7, 2020 < 1 MIN READ

The budget was announced last night and as always there were winners and losers, with the budget deficit projected to hit $213.6 billion, a record 11 per cent of GDP, before winding back.

Here’s what you need to know

Instead of falling, as predicted in the last budget, debt will climb:

There’s spending and tax cuts a plenty:

It’s expected to bring about a bounce-back in economic growth:

But much depends on the assumptions, including a return to strong immigration:

The Conversation


This article is republished from The Conversation under a Creative Commons license. Read the original article.

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