This Parliamentary Budget Office (PBO) report presents medium-term fiscal scenarios based on the Reserve Bank of Australia’s latest economic forecasts to support an understanding of the magnitude of the impact of COVID-19 on key fiscal aggregates. The report shows that the impact of COVID-19 may result in Australian Government net debt in 2029-30 being between 11 and 18 per cent of GDP ($500 billion to $620 billion) higher than it would have been otherwise.

Download the report and technical appendix


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