Australian Treasurer predicts largest budget deficit in Australian history

The Australian Treasurer, Josh Frydenberg, has predicted an underlying deficit of $87.2 billion (AU$143 billion) in fiscal year (FY) 2020-21 and $80.5 billion (AU$132 billion) in the next financial year FY2021-22 commencing on July 1, 2020. Deficits will continue across the four years ending in FY2022-23.

News article - ABC News

Australia