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Liberal Treasurer Josh Frydenberg will deliver a Labor federal budget next Tuesday.
More spending on childcare, aged care, disability and mental health, as well as tax refunds for low- and middle-income earners is in the offing.
In these unorthodox economic times, Treasury, the Reserve Bank of Australia and market economists have all given the government the green light for a more activist fiscal policy.
Treasurer Josh Frydenberg delivers his pre-budget speech to the Australian Chamber of Commerce and Industry at Parliament House.Â
Alex Ellinghausen
Even economists who would normally be identified as fiscally disciplined, have backed the government playing a bigger role managing the economic cycle beyond the immediate COVID-19 crisis.