Treasurer Josh Frydenberg is isolating while waiting for his COVID-19 results after a coughing fit in Parliament while delivering his economic address.
“Today while delivering my ministerial statement I had a dry mouth and a cough,” said Mr Frydenberg.
“After question time I sought the advice of Deputy Chief Medical Officer (DCMO). The DCMO advised me that out of an abundance of caution it was prudent I be tested for COVID-19.
“Following the receipt of his advice I immediately left Parliament House to be tested and will await the result in isolation.
“I expect the result of my test to be provided tomorrow.”
Mr Frydenberg’s statement flagged the long years it would take to pay off the JobSeeker and JobKeeper schemes established in response to the pandemic.
“Treasury is forecasting GDP to fall by over 10 percent in the June quarter, which would represent our biggest fall on record,” he said.
“At $50 billion, this is loss equivalent to the total quarterly production of South Australia, Tasmania, the Northern Territory and the ACT.
“Treasury is forecasting the unemployment rate to reach around 10 percent, or 1.4 million unemployed in the June quarter.
“The five percentage point increase in the unemployment rate is expected to occur over three months, compared to the three years it took for unemployment rates to rise by the same amount in that devastating period of the early 1990s.”