Virus drives $40b federal budget deficit

By Paul Osborne
Updated May 29 2020 - 4:01pm, first published 3:22pm
Government handouts to pensioners, businesses and the unemployed have raised the budget deficit.
Government handouts to pensioners, businesses and the unemployed have raised the budget deficit.

The federal budget deficit hit $40 billion at the end of April as a result of the response to the coronavirus pandemic.

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