Connect with us

National

Federal budget 2020: Coalition banks on $98bn injection to jolt Australia’s economy back to life – The Guardian

Upbeat growth forecast for 2021 and best-case scenario for coronavirus pandemic underpin Morrison government’s economic blueprint

Published

on

The Morrison government will bring forward tax cuts, give pensioners two cash payments of $250, create a time-limited hiring credit for businesses prepared to engage unemployed workers under 35 and supercharge business concessions in an attempt to drag the Australian economy out of its first recession for 30 years.
While the prospect of a V-shaped recovery seems optimistic given the uncertainties of the coronavirus crisis, Tuesdays budget assumes the Australian economy will contract by 3.75% in…

Click here to view the original article.

Safety Mate