Opinion

These budget numbers are shocking, and there are worse ones in store

By Peter Martin
Updated July 23 2020 - 3:36pm, first published 2:27pm
Treasure Josh Frydenberg arrives to deliver the economic and fiscal update. Picture: Sitthixay Ditthavong
Treasure Josh Frydenberg arrives to deliver the economic and fiscal update. Picture: Sitthixay Ditthavong

Even if the government hadn't spent $5.9 billion on JobKeeper and other emergency measures last financial year and wasn't planning to spend a further $12.2 billion this financial year, its budget position would have collapsed.