Budget 2020 at a glance: the cuts, the spends, and that big deficit in 7 charts
- Written by Wes Mountain
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 a plenty:
It’s expected to bring about a bounce-back in economic growth:
But much depends on the assumptions, including a return to strong immigration:
This article first appeared in The Conversation. It is republished with permission.
