Federal Budget - CommSec

The latest Federal Budget has a simple aim – to get the economy back on its feet. And at the heart of the strategy is job creation. The aim is simple but achieving the goal will be much more difficult. And that is largely because there are host of factors outside our control.

This is the biggest ever budget deficit in dollar terms. It is the biggest budget deficit as a proportion of GDP in 75 years since 1945. And the budget is unashamedly a stimulatory budget. But there is no alternative as Australia is in its deepest recession since at least World War II if not The Great Depression.

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Federal Budget: 2020/2021

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