Budget brings tax cuts to drive jobs growth | Australia

The FY21 Budget shifted the focus from immediate support to economic recovery, bolstering the government’s approach to jobs growth and encouraging business investment. The budget deficit is expected to blow out to over 11% of GDP in FY21, and remain around 2% of GDP for the next decade.

What you will learn:

  • The impact that fiscal policy will have on economic growth from FY20 and FY21
  • Which changes in budget components will have the biggest impact on the budget balance 
  • Revisions to revenue forecast due to a downgrade for the broader economic outlook. 

Topics: Australia, Economic prospects, Coronavirus

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