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Australia Surplus 'unlikely' after bushfire, coronavirus hit

01:25  09 february  2020
01:25  09 february  2020 Source:   skynews.com.au

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Senior government sources say a surplus in the next two financial years appears “ unlikely ”, according to Sky News Political Editor Andrew Clennell.

Drought, bushfires and coronavirus have had a negative impact on the Australian economy. China only made up about 4 per cent of the world's economy during the SARS outbreak, but now makes up 17 per cent. Treasurer Josh Frydenberg says delivering a surplus is not the Government's primary focus.

Senior government sources say a surplus in the next two financial years appears “unlikely”, according to Sky News Political Editor Andrew Clennell.

Returning the budget to surplus was one of the Coalition’s key election promises, but the government has changed its tune in recent months, with Scott Morrison now declaring a surplus is of “no focus” to him.

Mr Clennell said he understands the government believes it would have been able to survive the economic hit of the fires, but coupled with the coronavirus, it’s unlikely the budget will be able to recover.

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WA Bushfire Emergency Coverage - Продолжительность: 7:18 Nine News Perth 9 116 просмотров. Rescue underway after climber falls from Blue Mountains cliff | Nine News Australia - Продолжительность: 13:38 9 News Australia 17 425 просмотров.

The global tally of confirmed coronavirus cases hit 60 million on Wednesday, with the pace of new infections accelerating and the United States reporting record numbers of hospitalizations, according to a Reuters tally.

Pictures: In photos: Australia wildfires

China reports 1,886 new virus cases, death toll up by 98 .
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