The half-yearly financial check-up on the Australian economy is being delivered today. Here's what to expect.
Treasurer Josh Frydenberg speaks to the media during a press conference at Parliament House in CanberraAs the Christmas ornaments are hung, down at Canberra’s Treasury building, numbers are being crunched.
This year’s document is full of pre-flagged promises, including a projection that a million new jobs will be created over the next four years.Treasury is setting the expectation, suggesting the unemployment rate will dip to 4.5 per cent by halfway through next year.Federal budget 2021: Big investments promised to underpin Australia's recovery from the coronavirus crisisIf that does happen, it will signal a return to the low unemployment period before the Global Financial Crisis.
“Only the Labor party will be disappointed by the strong labour market outlook presented in MYEFO after years of talking down the economy as Australia recovers from this once in a century pandemic.”Labor's treasury spokesperson Jim Chalmers was still warning of problems on Wednesday.
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