Cuts, spends, debt: what you need to know about the budget at a glance

After twenty years of rhetoric from both sides of politics focusing on getting back to surplus, this year’s budget continues pandemic spending in the hope of getting the economy back on track as the pandemic starts to settle. The projected deficit is $161 billion for 2021-22, but rather than tackling this in the next four years, the government’s focus is instead on payments and long-term serviceable debt.

Source: Cuts, spends, debt: what you need to know about the budget at a glance

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