in

the cuts, the spends, and that big deficit in 7 charts

Written by Wes Mountain, Multimedia Editor


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 a plenty:




It’s expected to bring about a bounce-back in economic growth:



But much depends on the assumptions, including a return to strong immigration:



What do you think?

2362 points
Upvote Downvote
Legend

Posted by Open Access

Content Author

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0
file 20201006 18 guj0g6

promising tax breaks, but relying on hope

file 20201001 15 rmivzu

how to ensure progress on reducing poverty isn’t reversed by coronavirus