Sat Oct 10

Budget 2020 at a glance: the cuts, the spends, and that big deficit in 7 charts

Written by Wes Mountain, Multimedia Editor

The budget deficit is projected to hit $213.6 billion, a record 11% of GDP, before winding back:

Instead of falling, as predicted in the last budget, debt will climb:

There’s spending and tax cuts a plenty:

It’s expected to bring about a bounce-back in economic growth:

But much depends on the assumptions, including a return to strong immigration:

Authors: Wes Mountain, Multimedia Editor

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