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Australia's big budget deficit

Treasurer Josh Frydenberg addresses the media during a federal budget update.
Treasurer Josh Frydenberg addresses the media during a federal budget update. Source: AAP

Federal Treasurer Josh Frydenberg has revealed Australia’s budget deficit hit almost $86 billion last financial year, the largest since world war two. Mr Frydenberg says the blow to the budget, shows the cost of protecting lives and livelihoods amid the coronavirus pandemic.


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By Shuba Krishnan

Presented by Majlinda Lulo

Source: SBS



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Federal Treasurer Josh Frydenberg has revealed Australia’s budget deficit hit almost $86 billion last financial year, the largest since world war two. Mr Frydenberg says the blow to the budget, shows the cost of protecting lives and livelihoods amid the coronavirus pandemic.



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