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.



Share