ANALYSIS: The Government steered Australia through the coronavirus crisis, can it engineer a recovery?
Infrastructure plays a secondary role in this Budget. While there are some expansions of major programs, most have been previously announced and some of them already are nearing completion.
Add that to the $18 billion in personal income tax cuts, the second-stage cuts being brought forward and backdated to July this year.Budget appeals to the Party faithful It pilloried the Rudd and Gillard governments for the spending programs that, in retrospect, were far more subdued than now, but which helped keep Australia out of recession during the global financial crisis.
In this Budget, the tax cuts will lead to an economic recovery, as consumers spend their extra earnings and businesses take advantage to invest. A million new jobs will be created over the next four years.We weren't in great shape when the pandemic hit early this year.
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