Unpacking the Spring Economic Update

About this episode

The episode discusses the Spring Economic Update, focusing on the federal deficit and projected interest payments.

Deficit is $66.9 billion for 2025-2026 $11.5 billion lower than the November figure The deficit is expected to decline to around $53 billion by 2030-31. Servicing the federal debt continues to be a major expenditure, with costs expected to surge. After reaching $54 billion in the 2025–26 fiscal year, interest payments are projected to exceed $80 billion by 2030–31. $37.5 billion for new measures such as the previously announced groceries and essentials benefit $6 billion to address gap in skilled trades Guest: David Akin - Global News Chief Political Correspondent Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Guest: David Akin

Topics covered

• economic update
• federal deficit
• interest payments
• skilled trades
• government spending

Keywords

• deficit
• economic update
• interest payments
• federal debt
• skilled trades

Mentioned in this episode

Organizations: Global News

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