The Australian federal government recorded persistent budget deficits following the 2008 global financial crisis. The government subsequently set a strict fiscal policy target to return the budget to a surplus by the 2020–21 financial year. However, in late 2018, this target was effectively abandoned.
Explain one likely reason why the Australian government might abandon or defer its budget surplus target.
44 exam-style questions on Edexcel A A Level Economics 4.5.3 Public sector finances. Each one has a worked solution and a mark scheme showing where the marks go.