Highlights
- In Australia, the government has announced the highest budget deficit since World War II.
- In Europe, the European Parliament approves the Recovery Fund.
- In the world, the coronavirus pandemic continues to worsen.
- Juventus is forced to postpone the Scudetto celebration after being defeated 2-1 by Udinese.
The government has announced that the country's economy has suffered the worst contraction since the Second World War.
Treasurer Josh Frydenberg revealed in detail the costs of the health crisis at a press conference held yesterday and during which he presented an extraordinary budget update.
It is estimated that at the end of next financial year, Australia's public debt will reach a record $850 billion, mainly due to the additional debt of $184 billion that the government expects to incur over the next 11 months.
The unemployment rate is expected to continue to rise to 9.25% in December 2020, leading to the loss of jobs for another 240,000 Australians.
Despite the difficult economic and financial situation, Finance Minister Mathias Cormann told SBS that he remains positive and that the economic consequences of the pandemic could have been much worse.
People in Australia must stay at least 1.5 metres away from others. Check your state’s restrictions on gathering limits.
Testing for coronavirus is now widely available across Australia. If you are experiencing cold or flu symptoms, arrange a test by calling your doctor or contact the Coronavirus Health Information Hotline on 1800 020 080.
The federal government's coronavirus tracing app COVIDSafe is available for download from your phone's app store.
SBS is committed to informing Australia’s diverse communities about the latest COVID-19 developments. News and information is available in 63 languages at
