Economic recovery to be underpinned by investments in health and aged care
Domestic violence services to receive some $260 million
Deficit slashed to $161 billion
Big spending commitments in social policy areas are at the centre of the federal budget released on Tuesday night, with more than $30 billion allocated to scandal-plagued sectors such as aged care and disabilities support.
The government is also boldly banking on a massively ramped-up vaccination program - predicting it can vaccinate all Australians who want the coronavirus jab before the end of the year. Australia is coming back, Treasurer Josh Frydenberg said in his budget speech on Tuesday night.
What in America they call the State of the Union, in Australia we call the federal budget.
As surprising as it may seem, Australian budgets aren’t really about money they’re about values.
As a case in point, a key part of next week’s budget will be an announcement about childcare, but the childcare measures won’t start until 2022-23.
It’s not clear that they’ll need to be in the 2021-22 budget in order to get approved.
Indeed, the budget’s formal title is Appropriation bill (No. 1) 2021-22. The budget bill will deal only with appropriations for 2021-22.
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Treasurer Josh Frydenberg says his predecessor as Kooyong MP, former Liberal leader Andrew Peacock, combined great elegance, style and substance and would be missed after his death at 82.
Mr Peacock s chief Liberal Party rival John Howard, meanwhile, says the Victorian played a dominant role in the party s history and the pair had buried the hatchet long ago.
Mr Peacock, dubbed the colt from Kooyong, served in parliament for over 28 years, was a minister in the Gorton, McMahon and Fraser governments and led the Liberal Party to two elections.
He was also foreign minister from 1975 to 1980 in the Fraser government.
Mr Peacock served as foreign minister from 1975 to 1980 under Malcolm Fraser and as leader of the Liberal party he was defeated by Bob Hawke in the 1984 and 1990 elections.
Former Liberal leader Andrew Peacock remembered as a treasure of the Liberal Party following his death at 82 sbs.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbs.com.au Daily Mail and Mail on Sunday newspapers.