‘Big numbers’: Frydenberg tipped to show nation’s biggest deficit since WWII – Sydney Morning Herald

JPMorgan is the most optimistic for the deficit this year, forecasting a shortfall of $181 billion. The most pessimistic is Westpac at $240 billion.
Extra spending to prop up the economy, including a revamped JobKeeper wage subsidy program plus a reduced coronavirus supplement payment for welfare recipients, is contributing to the deterioration in the nation’s finances.
The federal government has committed itself to $134 billion in spending in response to the coronavirus outbreak, including $8…

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