The amount of money, in Australian dollar terms, that the federal Treasury is unleashing into the economy comes to $98 billion in “response and recovery support”, including $25 billion under the Covid-19 response package and $74 billion under the JobMaker plan.
This is “to responsibly deal with the greatest challenge of our time” and “rebuild our economy and secure Australia’s future … to ensure the Australian economy recovers strongly by targeting additional temporary support measures to boost household incomes, bring forward business and infrastructure investment activity, and drive the unemployment rate back down”.
There’s more money for every sector of the economy – well, almost, as “winners and losers” (the mainstay of annual budget reveals) pepper the headlines. Can’t please everyone, hey?
Denne historien er fra November 2020-utgaven av Money Magazine Australia.
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Denne historien er fra November 2020-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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