LIVE: The Treasurer Josh Frydenberg delivers the 2021 budget speech. FULL DETAILS: 9News Budget2021 auspol
Treasurer Josh Frydenberg has said "Australia is coming back" as he unveiled a Federal Budget aimed at steering Australia out of the COVID-19-induced recession amid massive spending on essential services.
Major spending was outlined for the aged care, mental health and childcare sectors, while the National Disability Insurance Scheme will be fully funded to the tune of $13.2 billion over four years.As expected, the coronavirus pandemic and Australia's long path back into economic prosperity dominates the Budget.
As part of the Morrison government's economic plan, more than 10 million Australians on low and middle incomes will receive another tax cut in an extension of last year's offset scheme. Australia's unemployment rate, currently 5.6 per cent, is forecast to drop to 4.75 per cent by the June quarter of 2023 – below the 5 per cent milestone identified by Mr Frydenberg as a key goal."And this Budget will ensure we come back even stronger, securing Australia's recovery."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Budget 2021: International travel ‘assumption’ included in federal budgetAussies itching to book an overseas holiday will be eagerly watching the federal budget, after Treasurer Josh Frydenberg hinted that more news about the travel ban would be announced tonight.
Read more »
Budget 2021: Josh Frydenberg unveils a federal budget to 'secure Australia's economic recovery'Treasurer Josh Frydenberg has handed down this year's federal budget, which includes big spending commitments on aged care, mental health and disability support. You can stay up to date on the SBS News live blog.
Read more »
2021 budget will be a ‘Morrison-keeper budget’: Plibersek | Sky News AustraliaShadow Minister for Women Tanya Plibersek says the 2021 federal budget will be a “Morrison-keeper budget” focused on fixing political problems of the government’s making. \n\n“It will be all designed around short-term spending, big dollars to deal with political problems of the government’s own making,” she said. \n\n“Take aged care for example, Scott Morrison was the treasurer who cut $1.7 billion from aged care, he was warned at the time it would be catastrophic for the system – it turns out it was catastrophic.\n\n“So now the government’s going to fix a political problem of its own making.\n\n“What we expect - is a as usual from this government - big flashy headline, they’ll do really well with the advertising and then it will be Ts and Cs may apply.' \n
Read more »
Federal budget 2021 LIVE updates: Women, aged care and skills on the agenda as Frydenberg prepares to hand down federal budgetTreasurer JoshFrydenberg is set to deliver this year's budget, with aged care, skills and women's safety expected to feature prominently. Follow our rolling coverage | latikambourke AusPol Budget2021
Read more »
Federal budget 2021 LIVE updates: Women, aged care and skills on the agenda as Frydenberg prepares to hand down federal budgetTreasurer Josh Frydenberg is set to deliver this year's federal budget, with aged care, skills and women's safety expected to feature prominently. Follow our rolling coverage:
Read more »
Federal Budget 2021 Winners and Losers: The Aussies set to cash in on new policiesFrom tradies to travellers, here&x27;s who won and lost in the government&x27;s biggest cash splash of the year.
Read more »