ACT Chief Minister Andrew Barr will belatedly hand down the territory’s 2020/21 budget against the backdrop of a marked recovery from the impact of COVID-19. Tuesday’s budget will show a deficit of $603.1 million for 2020/21, an improvement of $306.4 million when compared to an earlier forecast in August as a result of a boost in the ACT jobs market and an improved growth outlook. Barr, who is also the territory’s treasurer, delayed the release of the budget from last June because of the coronavirus crisis, which toppled the national economy into its first recession since the early 1990s. Like other jurisdictions in Australia, the ACT’s budget bottom line has suffered, having been forecast to be a more modest $170.5 million deficit at the time of the 2019/20 budget review and before the pandemic set in. However, an effective public health response to the virus has been a key factor …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta