ACT Records $603M Deficit to Tackle Virus

ACT Records $603M Deficit to Tackle Virus
ACT Chief Minister Andrew Barr delivers his election victory speech at the Belconnen Labor Club in Canberra, Australia, on Oct. 17, 2020. AAP Image/Lukas Coch
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ACT Chief Minister Andrew Barr will hand down the territory’s 2020/21 budget against the backdrop of a marked recovery from the impact of COVID-19.

Tuesday’s budget will show a deficit of $603.1 million for 2020/21, an improvement of $306.4 million when compared to an earlier forecast in August as a result of a boost in the ACT jobs market and an improved growth outlook.