2020-21 Federal Budget Update

The Federal Budget was delivered on 6 October 2020 and it was generous in many ways with the intention of jolting the economy out of recession e.g. Tax cuts for workers, a bonus for Aged pensions, wage subsidies for younger workers plus plenty for large businesses.

These budgets are always underpinned by a number of assumptions (unemployment rate, economic growth, inflation etc.) but far more interesting this time is the expectation by the government that all Australians will be vaccinated against Coronavirus by the end of 2021.

The following link has a nice and simple summary: 2020 Federal Budget Analysis