Australia Fiscal & Economic Update - forecast unemployment rate of 8.75% in 2020/21

Budget deficit forecast for the period is forecast at AUD 184.5bn

• net debt to GDP forecast of 35.7% at June 30, 2021

'Biggest budget deficit since WW2' headlines about the place - yeah, it is. Lots of support being provided to people and firms.

Australian Treasurer Frydenberg budget update

• changes to the income support packages were announced earlier in the week.

AUD barely moving, stay tuned for the business confidence number from NAB at the bottom of the hour.