The Chief Minister has handed down an ACT Budget with a focus on supporting economic recovery.

$5 Billion has been committed towards infrastructure spending.

The funding will see upgrades to local shopping centres, transport, parks and playgrounds.

Other major announcements included $1.4 billion for Transport.

The first stop for stage two of light rail to Woden has been funded, as has the duplication of William Hovell Drive.

$877 million will be put towards health and community wellbeing infrastructure.

The big spending will see the Territory post the largest ever deficit in its history at more than $950 million.

That is $476 Million more than forecast due to ongoing support measures to alleviate the effects of lockdown.

Deficits are predicted for at least the next three financial years.