Economic statement: Treasurer Josh Frydenberg reveals $184.5b deficit, $677 billion of debt

Sally Whyte
Updated April 15 2021 - 12:22am, first published July 23 2020 - 10:50am
Treasurer Josh Frydenberg delivers the economic and fiscal update on Thursday. Picture: Sitthixay Ditthavong
Treasurer Josh Frydenberg delivers the economic and fiscal update on Thursday. Picture: Sitthixay Ditthavong

The financial pain wrought by the coronavirus pandemic will be felt for years to come in the federal budget, which was $85.8 billion in deficit in the 2019-20 financial year, and will grow to a $184.5 billion deficit in the 2020-21 financial year.

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Sally Whyte

Sally Whyte

Federal Politics Reporter

I report on a range of issues in federal politics and the public service, with a real passion for how decisions made in Canberra affect the lives of Australians.

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