Politics by Matthew Killoran
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Subscriber only Tax cuts are coming for everyday Australians, but a trillion dollar debt burden is all but unavoidable which will lead to consequences for future generations. Treasurer Josh Frydenberg will hand down a big spending, jobs-focused Budget today as he seeks to lock in Australia s recovery from the worst recession since the Great Depression. The Courier-Mail understands the budget deficit is on track to fall to about $160 billion, well down on the $197 billion forecast in December. But economists warn the trajectory towards $1 trillion debt will likely be reached within just a few years.