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Budget 2020: Treasurer Josh Frydenberg delivers biggest ever peacetime budget deficit, debt

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budget 2020 treasurer josh frydenberg delivers biggest ever peacetime budget deficit debt

Josh Frydenberg has tonight abandoned his long-held beliefs to deliver Australia’s biggest-ever peacetime budget deficit – and a record level of government debt.

Australia’s budget deficit for 2020-21 of $213.7 billion as a proportion of the economy is the steepest outside of war thanks to the worst global pandemic in 100 years.

‘Our economic response has come at a huge cost,’ the Treasurer told Parliament on Tuesday night.

Gross government debt by 2024 will be a shade under $1trillion for the first time ever, following a swathe of spending measures to combat the economic devastation of the COVID-19 shutdowns.

‘This is a heavy burden but a necessary one,’ Mr Frydenberg said. 

Josh Frydenberg has tonight abandoned his long-held beliefs to deliver Australia's biggest-ever peacetime budget deficit - and a record level of government debt

Josh Frydenberg has tonight abandoned his long-held beliefs to deliver Australia's biggest-ever peacetime budget deficit - and a record level of government debt

Josh Frydenberg has tonight abandoned his long-held beliefs to deliver Australia’s biggest-ever peacetime budget deficit – and a record level of government debt

A decade ago, the Treasurer told Parliament in his maiden speech: ‘Our government is too big.’

The Coalition under Tony Abbott‘s leadership was railing against the big-spending programs of Kevin Rudd’s Labor government to tackle the Global Financial Crisis.

As the new Liberal member for Kooyong, in Melbourne‘s wealthy inner-east, Mr Frydenberg objected to unnecessary government intrusion into the lives of Australians.

‘For problems large and small, bureaucratic outcomes always seem to be the default option. This comes at a price—paralysing monopolies and a culture of dependence,’ he told the House of Representatives in October 2010.

This was after one of Mr Frydenberg’s Labor predecessors Wayne Swan had unveiled in 2009 a budget deficit of $54.8billion, which comprised 4.2 per cent of gross domestic product. 

A year earlier, Labor had promised to deliver a Budget surplus but the GFC stopped that. 

Fast forward to October 6, 2020 and Mr Frydenberg has unveiled a budget deficit of $213.7 billion, making up 11 per cent of GDP. 

Like Labor in government, the Coalition has also been forced to jettison a budget surplus pledge, this time because of COVID-19.

The Treasurer last year used the word surplus seven times in his inaugural Budget speech in April 2019 – a month before the election. 

For the first time ever, Australia’s gross government debt is forecast to hit $966.2billion making up 43.8 per cent of GDP.  

A decade ago, the Treasurer told Parliament in his maiden speech: 'Our government is too big'

A decade ago, the Treasurer told Parliament in his maiden speech: 'Our government is too big'

A decade ago, the Treasurer told Parliament in his maiden speech: ‘Our government is too big’

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Australia

COVID-19 NSW: Southwest Sydney residents urged to seek testing as more coronavirus found in sewage

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covid 19 nsw southwest sydney residents urged to seek testing as more coronavirus found in sewage

Traces of coronavirus have been detected in sewage in southwest Sydney, prompting urgent calls for residents with even the mildest of symptoms to get tested.  

On Tuesday, the government reported two new locally acquired cases of COVID-19 in New South Wales.

Both cases were linked to a previous cluster in Oran Park in southwest Sydney, which has now grown to include 25 people. 

New South Wales Health urged more people to come forward for testing. 

New South Wales Health urged more people to come forward for testing. Pictured: A testing clinic in Sydney

New South Wales Health urged more people to come forward for testing. Pictured: A testing clinic in Sydney

New South Wales Health urged more people to come forward for testing. Pictured: A testing clinic in Sydney

Fragments of the deadly respiratory virus were found in sewage in Glenfield, also in the same region.  

‘Detection of the virus in sewage samples could reflect the presence of known cases of COVID-19 diagnosed in recent weeks in the area served by this sewage treatment plant,’ NSW Health said in a statement.

‘However, NSW Health is concerned there could be other active cases in the local community in people who have not been tested and who might incorrectly assume their symptoms are just a cold.’

People in the following regions have been urged to seek testing if they develop the mildest of symptoms:

  • Airds, Ambarvale, Appin
  • Bardia, Blair Athol, Blairmount, Bow Bowing, Bradbury
  • Campbelltown, Casula, Claymore, 
  • Eagle Vale, Englorie Park, Eschol Park 
  • Glen Alpine, Glenfield
  • Ingleburn
  • Kearns
  • Leumeah
  • Macquarie Fields, Macquarie Links, Menangle Park, Minto
  • Raby, Rosemeadow, Ruse
  • St Andrews, St Helens Park
  • Varroville
  •  Woodbine  

The Oran Park community cluster has now grown to 25, but the latest two cases identified on Tuesday were in isolation even before they tested positive.

Ten of the new cases are returned travellers who are in hotel quarantine, bringing the total number of cases in the state to 4,209.

Only 6,438 COVID-19 tests were done in the last 24 hours up to 8pm Monday night, a marked drop on previous days.

On Sunday, 7,447 tests were conducted with 12,465 taken on Saturday.

People in southwest Sydney have been urged to seek testing if they develop the mildest of symptoms

People in southwest Sydney have been urged to seek testing if they develop the mildest of symptoms

People in southwest Sydney have been urged to seek testing if they develop the mildest of symptoms

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Australian man spots large cat while hiking on Perseverance trail near Christchurch

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australian man spots large cat while hiking on perseverance trail near christchurch

A mountain biker has seen an elusive large black cat behind a fallen tree – while people have reported similar incidents in the area since the 1970s.

Mark Orr, 25, was lifting his bike over a tree on the Perseverance trail in Hanmer Springs, on New Zealand‘s South Island, on Sunday.

The osteopath claims that is when he saw the big cat stood 50m away from him. 

‘[It was] 100 per cent not a dog, no doubt about that,’ Mr Orr told Stuff.

Mark Orr, 25, was lifting his bike over a tree on the Perseverance trail in Hanmer Springs, on New Zealand's South Island, on Sunday when he saw a large cat

Mark Orr, 25, was lifting his bike over a tree on the Perseverance trail in Hanmer Springs, on New Zealand's South Island, on Sunday when he saw a large cat

Mark Orr, 25, was lifting his bike over a tree on the Perseverance trail in Hanmer Springs, on New Zealand’s South Island, on Sunday when he saw a large cat

‘It was a cat and at knee height and much stockier than a regular cat.’  

Mr Orr called the sighting ‘a little strange’ and the cat walked along the 780m trail like it ‘owned it’. 

‘We only moved to New Zealand in January. We’re from Australia, so my first thought was, I didn’t know there was panthers in New Zealand. And I just thought it must have been a more common thing,’ Mr Orr told Radio NZ.

‘Then after we started Googling it, and realised it was a bit more rare than we first thought.

‘I messaged one of our mates who lives here and told him and he said, “You got to send that through to someone, because it’s pretty big what you found”.’

He said he tried to follow it but had no luck. 

The Australian's sighting in Hanmer Trails comes after two other big cats were spotted in the Canterbury region - with hunter Jesse Feary shooting one of them

The Australian's sighting in Hanmer Trails comes after two other big cats were spotted in the Canterbury region - with hunter Jesse Feary shooting one of them

The Australian’s sighting in Hanmer Trails comes after two other big cats were spotted in the Canterbury region – with hunter Jesse Feary shooting one of them

The Australian’s sighting comes after two other big cats were spotted in Canterbury – with hunter Jesse Feary shooting one of them.

He said the feral cat weighed 11 kilograms and was 1.05m when stretched out.

Mr Feary believes it was the child of a larger cat he saw days earlier, which he said is twice the size of the one he shot.

Resident Frances Clark reported seeing a tiger in 1977 and her claims were vindicated when a large paw print at a nearby beach.

Two decades large cat the size of a labrador was spotted at a biking trail in Twizel, and two years later, in 1998, a creature resembling a mountain lion was also seen. 

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Storms sweep the east coast bringing damaging winds and golf-ball sized hail as alert is issued

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storms sweep the east coast bringing damaging winds and golf ball sized hail as alert is issued

Brisbane has been pummelled by a life-threatening super cell storm which has caused flash flooding, torrential rain and ‘destructive’ winds.

Residents throughout southeast Queensland, right from Brisbane through to the Sunshine Coast, were urged to hunker down at home if possible.  

Several main roads were flooded by Tuesday evening, leaving motorists stranded and banked up in standstill traffic. 

One motorist was pictured seeking refuge on the roof of his car, which was almost entirely submerged. 

Beachmere, near Caboolture recorded 80mm of rain in an hour on Tuesday, while 70mm bucketed down on The Upper Lockyer, west of Brisbane, the Bureau of Meteorology reported.

The bureau warns a severe thunderstorm stretches from Caboolture south to Brisbane, Logan and Stradbroke island, with people in the areas urged to seek shelter.

A severe thunderstorm warning is in place for southeast Queensland for Tuesday afternoon

A severe thunderstorm warning is in place for southeast Queensland for Tuesday afternoon

A severe thunderstorm warning is in place for southeast Queensland for Tuesday afternoon

Photos of mini tornados reaching into the grey skies near Warwick have been shared across social media as residents brace for more wild weather

Photos of mini tornados reaching into the grey skies near Warwick have been shared across social media as residents brace for more wild weather

Photos of mini tornados reaching into the grey skies near Warwick have been shared across social media as residents brace for more wild weather

‘We’ve got intense rainfall over the Brisbane CBD that may lead to localised flash flooding and we are already seeing some reports of flash flooding,’ meteorologist Rosa Hoff said.

‘Very damp indeed.’

The thunderstorms are moving east, with Deception Bay waters, Bribie Island, Beenleigh, Cleveland likely to be impacted later in the day.

A heavy rainfall warning has also been issued for people in Redland City, parts of Logan, the Scenic Rim, the Gold Coast, the Sunshine Coast, Brisbane City and Moreton Bay Council Areas.

The bureau warns the intense rainfall could lead to dangerous and life-threatening flash flooding.

A severe thunderstorm warning remains current for the southeast coast and parts of the Capricornia, Wide Bay and Burnett and Darling Downs and Granite Belt districts.

Earlier, areas near Gympie, north of the Sunshine Coast, were pelleted with hail as multiple severe thunderstorms moved from the Toowoomba and South Burnett areas towards the coast.

Almost 50mm of rain fell in an hour at Kalbar in the Scenic Rim.

More than 60mm of rain dumped on Helidon, near Toowoomba, while flash floods inundated some parts of nearby Gatton.

Flash flooding was also recorded at Beachmere.

‘Eighty millimetres of rain in an hour is hard to get rid of,’ Ms Hoff said.

The storms are forecast to continue into Tuesday evening.

‘We could see damaging winds in excess of 90 km/h and large hail that has a diameter larger than 2cm – bigger than a $2 coin,’ Ms Hoff said.

Pictured in purple are severe wind gusts forecast for the NSW east coast. Hail wider than 5cm, heavy rainfall and gusts in excess of 100km/h are forecast as likely for Brisbane, Rockhampton in central Queensland and the Gold Coast on Tuesday

Pictured in purple are severe wind gusts forecast for the NSW east coast. Hail wider than 5cm, heavy rainfall and gusts in excess of 100km/h are forecast as likely for Brisbane, Rockhampton in central Queensland and the Gold Coast on Tuesday

Pictured in purple are severe wind gusts forecast for the NSW east coast. Hail wider than 5cm, heavy rainfall and gusts in excess of 100km/h are forecast as likely for Brisbane, Rockhampton in central Queensland and the Gold Coast on Tuesday

A fallen tree in Queensland as wild weather battered the Australian east coast. The wild weather will continue for another three days, meteorologists have warned

A fallen tree in Queensland as wild weather battered the Australian east coast. The wild weather will continue for another three days, meteorologists have warned

A fallen tree in Queensland as wild weather battered the Australian east coast. The wild weather will continue for another three days, meteorologists have warned

‘Or potentially, even heavy rain that could lead to localised flash flooding.’

Ms Hoff said the worst of the weather was expected on Tuesday afternoon and into the evening.

‘As we track forward into tomorrow, the increased chance of seeing severe storm development does move closer to Brisbane,’ she said.

Queensland Fire and Emergency Services have warned people to move their cars under cover and secure loose outdoor items.

Photos of mini tornados reaching into the grey skies near Warwick have been shared across social media as residents brace for the impending wild weather to come. 

Meanwhile, conditions in most of New South Wales are expected to ease from Tuesday after the state was lashed with heavy rainfall, gale-force winds, cold temperatures and hazardous surf conditions on Monday.

Gosford on the NSW Central Coast received 128mm of rain in 24 hours, while Wallis Lake on the mid-north coast was soaked by 248mm in three hours on Monday afternoon.  

The effects of the low pressure coastal trough in Queensland will extend into northern NSW on Wednesday with the threat of thunderstorms in Armidale, Coffs Harbour and Port Macquarie. 

BOM meteorologist Jonathan How said the thunderstorm threat for south-east Queensland would extend into Thursday.    

Cool temperatures and cloudy weather will continue in southern NSW, with a top of about 20C for Sydney, but storms are expected to return on Wednesday.

A hazardous surf warning has also been issued on Tuesday for the Hunter, Sydney and Illawarra coastline.

Storm damage in Queensland on Sunday. The BOM said the thunderstorm threat for south-east Queensland would extend into Thursday

Storm damage in Queensland on Sunday. The BOM said the thunderstorm threat for south-east Queensland would extend into Thursday

Storm damage in Queensland on Sunday. The BOM said the thunderstorm threat for south-east Queensland would extend into Thursday

Singleton SES members in the NSW Hunter Valley were called out after reports of severe storm damage (pictured, a caravan is destroyed after wind lifted off several roofs in the park)

Singleton SES members in the NSW Hunter Valley were called out after reports of severe storm damage (pictured, a caravan is destroyed after wind lifted off several roofs in the park)

Singleton SES members in the NSW Hunter Valley were called out after reports of severe storm damage (pictured, a caravan is destroyed after wind lifted off several roofs in the park)

Melbourne meanwhile will be partly cloudy on Tuesday and Wednesday, although showers are then forecast for the next three days with the chance for both cloud and fog.  

Meteorologists have said the conditions are a result of La Nina climate cycle which will make the upcoming summer months hotter and wetter than usual.

The NSW State Emergency Service’s Hunter region units received 362 calls for help on Monday, and spent the day rescuing horses, patching up tree damage and repairing leaky roofs. 

Sydney also copped a deluge with St Ives receiving 98mm of rain in 24 hours. 

‘One that’s really noteworthy, that at first we were a little bit sceptical of because of just how intense the rainfall was, is at Wallis Lakes (near Forster),’ BOM meteorologist David Wilkie said.

‘They received 248mm between 1pm and 4pm and 124mm in an hour.’  

Temperatures have dropped to around 15 degrees, down about eight degrees for this time of year, due to a cold front which saw almost 10 centimetres of snowfall in the alps.

‘We do have some hazardous conditions at the moment for the beaches with the strong southeasterly winds whipping up a bigger southeasterly swell up to around four, potentially five metres,’ BOM spokeswoman Rebecca Kamitakahara told ABC radio on Monday.

A road and park in Tumbarumba is pictured completely underwater after flash flooding on Sunday

A road and park in Tumbarumba is pictured completely underwater after flash flooding on Sunday

A road and park in Tumbarumba is pictured completely underwater after flash flooding on Sunday

Pictured: A car in Brisbane that was crushed by a falling tree amid damaging winds and heavy rain

Pictured: A car in Brisbane that was crushed by a falling tree amid damaging winds and heavy rain

Pictured: A car in Brisbane that was crushed by a falling tree amid damaging winds and heavy rain

Pictured: A trampoline in south-east Queensland that wrapped around a power pole in strong winds

Pictured: A trampoline in south-east Queensland that wrapped around a power pole in strong winds

Pictured: A trampoline in south-east Queensland that wrapped around a power pole in strong winds

Pictured: a monster hail stone in Brisbane

Pictured: a monster hail stone in Brisbane

Pictured: Large hail stones in Queensland

Pictured: Large hail stones in Queensland

 Hail the size of tennis balls were seen in Brisbane’s western and southern suburbs

Tamworth and Nundle, south-west of Grafton in northern NSW, saw about 60mm of rain on Sunday with an evacuation at a campsite due to flash flooding (regional NSW pictured)

Tamworth and Nundle, south-west of Grafton in northern NSW, saw about 60mm of rain on Sunday with an evacuation at a campsite due to flash flooding (regional NSW pictured)

Tamworth and Nundle, south-west of Grafton in northern NSW, saw about 60mm of rain on Sunday with an evacuation at a campsite due to flash flooding (regional NSW pictured)

‘The good news is later in the week we will start to see a little more sunshine… with those temperatures coming back up to what we’d normally expect at this time of year.’

But the rain has brought relief for farmers across the western ranges and areas west and southwest and parts of the central west.

‘They’re not seeing as quite as high rainfall totals as what we’re getting on the coast but they are still seeing some more steady, persistent rain on top of what they saw on the weekend,’ Ms Kamitakahara said. 

About 30,000 homes across Brisbane, Ipswich, Logan and Redland were left without power on Sunday as the region was hit with 78,000 lightening strikes and hail the size of tennis balls.   

The south-east Queensland region also had 78,000 lightening strikes on Sunday afternoon

The south-east Queensland region also had 78,000 lightening strikes on Sunday afternoon

The south-east Queensland region also had 78,000 lightening strikes on Sunday afternoon

THE WEATHER IN YOUR CITY 

 SYDNEY    

 Wednesday: Min 13. Max 21. Showers

Thursday: Min 15. Max 21. Shower

Friday: Min 14. Max 23. Shower. Possible late storm

MELBOURNE     

Wednesday: Min 10. Max 19. Partly cloudy

Thursday: Min 11. Max 19. Shower or two

Friday: Min 12. Max 18. Shower or two 

CANBERRA  

Wednesday: Min 7. Max 19. Shower or two

Thursday: Min 8. Max 20. Shower or two

Friday: Min 9. Max 21. Shower or two. Possible storm 

DARWIN   

Wednesday: Min 25. Max 32. Showers

Thursday: Min 25. Max 33. Showers

Friday: Min 25. Max 33. Showers 

 BRISBANE 

Wednesday: Min 18. Max 27. Showers. Storm likely

Thursday: Min 18. Max 31. Sunny 

Friday: Min 16. Max 31. Sunny 

ADELAIDE  

Wednesday: Min 9. Max 21. Sunny

Thursday: Min 11. Max 21. Shower or two

Friday: Min 11. Max 20. Shower or two 

PERTH  

Wednesday: Min 14. Max 25. Partly cloudy

Thursday: Min 13. Max 32. Sunny

Friday: Min 18. Max 36. Sunny

HOBART  

Wednesday: Min 9. Max 15. Shower or two

Thursday: Min 8. Max 17. Showers

Friday: Min 10. Max 16. Showers 

 Source: Bureau of Meteorology

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