Last night the Treasurer Josh Frydenberg, delivered the Federal Budget. The first Federal Budget handed down in a recession in almost 30 years.
With the COVID-19 pandemic wreaking havoc in the Australian economy, the budget deficit is forecast to reach $213.7 billion this year with net debt anticipated to hit $703 billion.
Whilst there is clearly much budget repair needed in the years ahead, the Governments priority in the 2020/2021 budget is spending to create and preserve jobs and to stimulate the economy.
For the full details of the items announced in the budget, please click the link to access our comprehensive budget guide.
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