Australia’s budget forecasts will assume a coronavirus vaccine will be developed in the next year, Treasurer Josh Frydenberg says.
“The budget takes into account the possibility that is the case,” Frydenberg told Sky News Australia in a segment from an interview to be broadcast Monday”. “We have factored in those issues related to the vaccine and those will be available on budget night.”
Assuming a vaccine is available in 2021 will be a positive for the economic outlook, as it may signal a return to international travel and foreign tourist spending. Frydenberg is set to