2020 saw old ambitions to get the budget ‘back in the black’ be trashed in favour of big increases in debt and deficits. More than $251 billion of direct fiscal support was directed at the economy. Join AICD Chief Economist Mark Thirlwell for a look at how this year’s Budget grapples with our new economic order outlining:

  • how critical budget parameters including unemployment and population growth have changed

  • the latest trends in revenue and expenditure
  • revisions to debt and deficit projections
  • new policy initiatives
  • updates on the government’s fiscal forward guidance which links budget repair to the state of the labour market.

With an economic recovery now well underway understand how the Budget is likely to deal with some of the fiscal scars of the pandemic.