Actuaries report from the 2020 Federal Budget

After a fairly optimistic economic outlook in 2019, this year's Federal Budget acknowledged the unprecedented effects of natural disasters and a global pandemic putting pressure on the economy. The Actuaries Institute member update provides an overall summary of the economy and highlights key issues of interest to members. 

Budget 2020 – Afterpay to the max

Following the Federal Budget announcement, Michael Blythe has a deeper look at Australia's economic outlook. He highlights that deficits and debt are large and persistent, this Budget should be seen for what it is - a creditable attempt to deal with the COVID-19 negatives and much will depend on whether the Budget can shift the dial back from saving to spending.