Australia budget deficit widened to 4.3% of GDP in fiscal 2020, sets to balloon further

<p>Australia Treasurer Josh Frydenberg said the country’s budget balance had turned into a massive deficit of AUD 85.8B, or 4.3% of GDP, in the fiscal year ended June 2020. The deficit is expected to widen further to AUD 184.5B in fiscal 2020-21. Gross debt is projected to rise from AUD 684.3B in 2019-20 to AUD […]</p>
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