Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

‘Very Big’: The budget deficit we had to have

BROOKE CORTE
Article image for ‘Very Big’: The budget deficit we had to have

The upcoming federal budget will include the largest deficit ever recorded, tipped to exceed $200 billion, the direct result of massive spending and stimulus programs as the nation grapples with the biggest economic crisis in 90 years.

However, Commonwealth Bank head of Australian Economics Gareth Aird says the budget blowout can be viewed as being entirely manufactured by a government doing whatever it takes to protect millions of jobs.

“The government is trying to solve the health crisis and the budget is going to cop a massive hit in doing so,” Mr Aird tells Brooke Corte.

“You end up with an incredibly large deficit but I think it’s one we have to have because the most vital thing at the moment is to support the economy,

“What we don’t want at the moment is high unemployment, that’s the key considering the government will be looking at when framing this budget,

Click play to hear the full interview:

 

BROOKE CORTE
Advertisement