The 2020-21 Federal Budget was deferred from May to October 2020 due to the extraordinary circumstances brought about by the COVID-19 pandemic. During those six months, the economic damage caused by the pandemic has brought about the first recession in decades and the most severe economic crisis since the Great Depression.
The Government’s pledge is that the Budget will drive a business-led recovery with a major focus on measures that are intended to spark a wave of new investment by business. The mantra of this Budget is firmly “Jobs, Jobs and Jobs” with each announcement carefully measured in terms of potential jobs creation.
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