Treasurer reveals budget deficit of almost $86 billion

Posted on: Fri 24 Jul 2020

On Thursday Treasurer Josh Frydenberg presented the economic fallout for at least into the next year, ahead of the full budget due in October. The deficit has hit almost $86 billion, which is the largest it has been in decades.

Despite this, the government is optimistic looking to next year, with their economic recovery plan expected today, but what will need to be addressed in the coming months?

Kate Griffiths, Fellow at the Grattan Institute, speaks with Breakfast’s Tom Mann and Zoe Kounadis to find out what this means for Australians.

Image sourced: Pexels

Produced by Tom Mann and Soph Landau


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