Business
Floating like a butterfly … but there’s a sting in the budget update – Sydney Morning Herald
The budget and economy is improving. But it’s impossible to ignore record debt and deficits left by the coronavirus recession.
Its a strange day in budget hell when a deficit of only $197.7 billion, and a shortfall of $45.7 billion in a decades time, is couched as good news.
A noticeably upbeat Treasurer Josh Frydenberg bounced around a press conference with the energy of a prize fighter ahead of a title bout, talking about the economy rebounding strongly with people back spending and working and moving freely across the nation.
The updated numbers are encouraging and better than what was expected at budget just 10 weeks…
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