At least a few economists are saying there's a slim chance that number could be negative, raising the small risk that Australia is in a recession right now.The seasonally adjusted unemployment rate has risen from 4.9 per cent to 5.3 per cent since February last year. In trend terms, which smooths out seasonal variations, the unemployment rate has risen from 5.1 per cent to 5.2 per cent.
Mr Richardson added that the Government thankfully still had some fiscal wiggle room because Treasury had kept its Budget assumptions very conservative. For instance, the Government had to put aside $2 billion for a bushfire relief fund, and the coronavirus could end up costing the budget billions more than expected.
would love for it to be choked off. You criticised them for pushing for a surplus and now will criticise them if they fall short. You do not represent the broader view of the nation. gofundyourselves
AmyRemeikis Yes. Just as the bushfires have and his total incompetence in managing the overall economy. He has been to focused on the surplus
auspol forgot that surplus is for the gd of the ppl. Esp in bad time. Don't gv a turd if we dont hv 1 for 2020. Now is a bad time.
I thought the north Sydney pool did that already.
.... will corona virus completely destroy the budgets of households and businesses.
the useless leftist of the taxpayers funded trying to harass the government. Why don't they talk about what Labor would do: take debt to pay for boaties health care and subsidize Solar and Wind dodgy technologies.
The budget was dead well before catching the virus.
The 'surplus'.
Why sensationalise this issue when the world is being rocked by COVID19 and we have managed so far to fend it off. This is not ANALYSIS its ABC playing politics. The only this auntyabc can do is post negative political commentary.
Fires, floods, drought and Coronavirus what do you reckon? Silly question. The budget is unimportant compared to community health. No matter what level of the virus it is going to be devastating. Close our boarders and bring on the vaccine.
But....but..... auspol
To focus on a “surplus” while the economy and jobs are on the skids is totally irresponsible. No point in focussing on “the future” when the present is a mess. Be accountable for a change.
No, slash more welfare off the sick and poor, close a couple of hospital, close a few schools, increase Robo debt, further reduce public services, no problem, after all it is the LNP way and it works a treat, no brainer.
Surplus at all costs. Oh no. Not all costs. Just the poor, sick, disabled, rural/remote etc. These groups will be paying & suffering so the LNP can get their budget surplus. Any reasonable person would say “with the fires & Corona Virus we accept there will be no surplus.
It's our surplus ABC, you live in tiny bubble way too long, where money is for nothing🤦♂️.
AmyRemeikis Will white anting our institutions and the rule of law destroy our democracy?
Oh no, not the surplus! Never fear we haven't cut health, education and all notions of decency to the absolute bone yet. Plenty more fat to trim.
AmyRemeikis How do you choke something that never existed?
Assuming he really had one to start with
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