Politics With Michelle Grattan

On Tuesday, the 2020 budget will be brought down. It will show a huge deficit for this financial year and massive government spending, aimed at promoting economic recovery and reducing unemployment. In the wake of COVID, the Coalition’s usual preoccupation with “debt and deficit” has become very yesterday. On this week’s Politics podcast, we speaks with Chris Richardson, partner at Deloitte Access Economics. Deloitte’s Economics Budget Monitor, released this week, favoured bringing forward the tax cuts as one measure to stimulate the economy and expected the deficit to be holding up better than earlier thought. Like economists in a recent survey  Richardson says the budget should prioritise a permanent boost to JobSeeker and fund more social housing: “The least noticed thing about this crisis is how geographically specific it is,” he says. “The job losses in Australia have been far and away the biggest where unemployment rates, suburb by suburb, town by town, out in the bush, were already the highest. … The a