The budget in seven charts: The cuts, the spends, and that big deficit
A break down of what the budget means for net debt, net migration, individual tax rates, cash balance, and past and projected GDP.
The budget deficit is projected to hit $213.6 billion, a record 11% of GDP, before winding back.
Instead of falling, as predicted in the last budget, debt will climb.
There’s spending and tax cuts aplenty.
It’s expected to bring about a bounce-back in economic growth.
But much depends on the assumptions, including a return to strong immigration.
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