News analysis
Troubling forecasts lurk in Australia's big-spending budget
Travel curbs, China tensions set to stay even as Canberra takes on huge debt
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Diners at the forecourt of Sydney Opera House late last month. Australia's budget released this week revealed that, in the year to July, the ruling coalition expects the country's deficit to reach A$161 billion (S$165.5 billion), or 8 per cent of gross domestic product, a record high in the modern era.
PHOTO: BLOOMBERG
Every year, Australian media outlets summarise the federal budget by publishing tables which show "the winners and losers".
This year, however, they had a problem: It was almost impossible to find any losers.
