Treasurer Josh Frydenberg on promising budget figures

Politics with Michelle Grattan · Dec 17, 2020 · 22m

This week's update shows an improvement on the numbers in the budget that was delivered only 10 weeks ago. The prospects for growth and employment have been revised upwards. While the forecast for the deficit remains massive, at nearly $200 billion, it has been revised down.

But even as we return to some sort of normality, it will be many years before the economy resembles its pre-COVID self. And the Parliamentary Budget Office predicts the federal budget won't leave its deficit behind in this decade.

Treasurer Josh Frydenberg joins the podcast to discuss Thursday's budget update and the…