Virus recession smashes federal budget

By Paul Osborne and Matt Coughlan
Updated September 25 2020 - 1:27pm, first published 1:24pm
Josh Frydenberg has revealed the depth of the budget black hole dug by the coronavirus pandemic.
Josh Frydenberg has revealed the depth of the budget black hole dug by the coronavirus pandemic.

The coronavirus pandemic and deepest recession since the 1930s has turned a forecast $5 billion federal budget surplus into an $85.3 billion deficit.

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