‘The $1 trillion budget deficit’: Economists on the 2020-21 Budget
By Ann Wen · 7 October 2020 · Australian Budget 2020
By Ann Wen · 7 October 2020 · Australian Budget 2020
The 2020-21 Budget has delivered a staggering $257 billion in spending, but what does this mean for business investment and the country's economic future? Leading economists weigh in on the implications of this historic deficit.
The 2020-21 Budget delivers the biggest Australian deficit since World War 2. The Government’s fiscal stimulus of $51 billion during the GFC pales in comparison to the $257 billion in spending unveiled by the Treasurer yesterday. We asked leading Australian economists for their first impressions on the budget and how it affects business investment in […]