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Extra spending will weigh on budget for years – Sydney Morning Herald
The Morrison government has promised targeted and temporary spending, but figures show the recession will weigh on budget spending for years.
Of that $295 billion, $148 billion occurs in the current budget year, with JobKeeper, which is due to end late next month, the single largest expense.
But the expenditure increase relative to what Treasurer Josh Frydenberg had expected in the 2019-20 mid-year budget update continues well into this decade.
In 2021-22, payments are forecast to be $36 billion higher than had been planned just a year earlier and up by $20.6 billion in 2022-23. Even in 2023-24, government spending is expected to be a…
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