Federal Budget 2020-21

Posted on : Wednesday, 7 October 2020

The Morrison Government has released its Budget for 2020-21 and, as expected, has sought to address the economic impacts of the Coronavirus.  

 

Last night's Budget was a mix of tax relief and big spending, demonstrating the Government's desire to kick-start the economy by getting business and the community to increase spending.  

 

Personal tax cuts, business tax relief, infrastructure spending, and incentives for training and employment all featured strongly, and the mantra from Canberra was 'jobs'.  

 

Unfortunately, the Budget will slide further into deficit - heading towards record levels - and is unlikely to return to the black any time soon.  

 

But increased business confidence will mean greater employment, and this will help to get the economy moving again.  

 

Read our summary here.  


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