The government says the economy is ready to roar . This is what Australia really makes of the $74.6 billion Budget. Jack Derwin The Morrison government may have laid out its election platform in Tuesday s Budget. (David Gray, Getty Images)
The Federal Budget released on Tuesday evening has been pored over by Australians, economists and lobby groups overnight.
Laying out $74.6 billion in new spending measures over five years, many see it as a big spending election Budget, aiming to appease as many voters as possible.
Here s what Australia makes of it.
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While the Federal Opposition won t deliver its counter-pitch until Thursday evening, industry groups, economists, and lobby groups are already weighing in with their two cents.
Provocate C-suite consulting
Budget needs 200k vaccines per day to meet target
KEY FINDINGS: The Federal Budget is banking on current COVID19 vaccinations increasing five-fold to up to 200,000 per day every day to complete the rollout by the end of 2021 – the same rate as Australia’s original targets before they were scrapped, according to C-suite consulting firm Provocate.
This is despite Australia’s current vaccination rate averaging just 35,000 per day, and its highest single day recorded to date (89,000) reached nearly four weeks ago.
Provocate Managing Director Troy Bilsborough – a former Senior Advisor to the Federal Health & Aged Care Minister (2013-2017) – said the biggest question remaining for business was what rate of herd immunity the Budget was banking on, as it meant a difference of 50,000 extra vaccinations daily between high and low rates.