Budget surplus under threat as Treasury considers coronavirus 'wildcard'

"Consequently, we have revised our 2020 growth forecast to 1.8 per cent from 2.2 per cent," the company said.

Treasurer Josh Frydenberg will head to Saudi Arabia late this week for a summit with global finance ministers and treasurers at the Group of 20 gathering, where the impact of the virus will be a priority.Canadian finance minister Bill Morneau has warned of a "significant impact" from the virus and said this would be a key topic at the weekend summit.

While Mr Morrison's $2 billion bushfire recovery fund sacrificed some of the projected surpluses over the next four years, this required only $500 million from this year's surplus.The threat from the coronavirus is regarded as much more significant given the slowdown across China and the continued rise in infections and deaths.

CroweDM You mean democracy is at threat under Scotty from advertising

CroweDM Putting everything in the “Chinese Basket”. Not a smart idea...

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