Australia Deficit Blows Out to $132 Billion, Jobless Peak 9.25{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49}
(Bloomberg) — Australia’s budget deficit will blow out to a post-World War II record amid a surge in spending to plug a virus-induced gaping economic hole, as the government sees the crisis spilling into next year.
The underlying cash balance will be a A$184.5 billion ($132 billion) shortfall in the