Humble Goode Financial | Blog

Treasurer Josh Frydenberg delivered the 2021-22 federal budget on Tuesday evening, March 29, outlining a number of key measures.The Treasurer revealed a $78 billion deficit (3.4 per cent of GDP), down from a $79.8 billion deficit the year before. "Over the next three years, this will more than halve to 1.6 per cent," he said. He confirmed that net debt as a share of the economy will peak at 33.1 per cent at 30 June 2026, significantly lower than the forecast last year.