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A $355 billion hole in the federal budget shouldn’t stop spending on welfare, tax cuts: report – ABC News
The coronavirus crisis will punch a $355 billion hole in the federal budget, according to a new report which calls on the Government to continue massive stimulus spending to create jobs and lift the nation out of a recession.
The coronavirus crisis will punch a $355 billion hole in the federal budget, according to a new report which calls on the Federal Government to continue massive stimulus spending to create jobs and lift the nation out of a recession.
Key points:
- Deloitte Access Economics’ latest forecasts for the federal budget are grim, but slightly improved due to higher iron ore prices
- Despite the massive stimulus spending already undertaken to fight the COVID crisis, the report suggests mor…
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