Coronavirus crisis projected to add $620bn to Australia’s net debt, PBO says.

Australia’s legacy of the COVID-19 crisis will be additional net debt of up to $620bn by the end of this decade, while the budget deficit will peak at nearly $200bn in the next financial year and will remain in deficit through to 2030, according to new Parliamentary Budget Office projections.

And if nothing else was proven today, everyone now knows with certainty that the lockdown past the first few weeks had nothing to do with public health and safety. Every political leader still enforcing the lockdown is only doing it to save them from the humiliation of being recognised as such credulous nitwits.