COVID-19 SPENDING HAS INDUCED AN ECONOMIC COMA*

Federal Treasurer Josh Frydenberg was not exaggerating when he warned Australians that they should expect “eye-watering numbers” on debt and deficit, after revealing the worst Federal Budget black hole since World War II.

“ numbers that Australians have never, ever seen before,” Mr Frydenberg said, signing his name to the shortlist of notable treasurers who have run the nation’s books during economic calamity.

“That’s the harsh reality of this pandemic. The coronav…

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