The Australian Parliamentary Budget Office (PBO) has recently made an update to the post-COVID-19 medium-term fiscal projection scenarios report. The report now suggests the impact of COVID-19 may result in Commonwealth Government net debt in 2029–30 being between 14 and 24 per cent of GDP (up to $800 billion) higher than it would have been otherwise.

Download the report: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Budget_Office/Publications/Research_reports

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