Australia's biggest budget deficit since World War II
Treasurer Josh Frydenberg addresses the media during a federal budget update. Source: AAP
During a special budget and fiscal update today, Treasurer Josh Frydenberg said forecasts show the coronavirus's financial impact on the nation will result in a deficit of more than $85 billion for the 2019-2020 financial year, possibly growing to $184.5 billion the following financial year.
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