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:
Now read this