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News & Analysis

7 charts that explain the 2020 Australian budget

- October 7, 2020 < 1 MIN READ
PM Scott Morrison. Photo: PMO

The budget deficit is projected to hit $213.6 billion, a record 11% of GDP, before winding back:




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


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