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

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:



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