From ‘back in black’ to ‘digging deep’: Will the budget do enough to support recovery?
If the May 2019 Budget was all about back to black, this year’s Budget is all about rescuing and repairing the economy. Last year’s Budget forecast a small surplus of 0.4% of GDP in 2019-20, the first surplus since the GFC. In fact, a small surplus of 0.4% of GDP was indeed achieved in 2018-19, but budget deficits as large […]