The budget in seven charts: The cuts, the spends, and that big deficit

2020-budget-explained

Source: Wes Mountain/AAP.

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 aplenty.

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

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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