Australian budget: "Nation-building ... stimulus ... surplus ... & heroic assumptions"

An Australian budget rundown from Bloomberg, which was all going swimmingly until that "heroic assumptions" bit.

• Nation-building program
• Picking up the stimulus baton from a central bank low on policy ammunition
• Sticking to a 2021 surplus projection ... that involves heroic assumptions on wage growth
• Funding for road, rail and runway construction of A$75 billion over 10 years will support growth plan promises to create tens of thousands of jobs in an infrastructure-building bonanza as workers transition from mining and housing booms

Plenty more here: Australia Embarks on Nation Building as Forecast Doubts Linger

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With thanks also to Ryan overnight who posted on the Budget as it hit: Australian government budget: All the highlights