Single parents who want to buy a home, school leavers and retirees who want to boost their superannuation accounts are set to be big winners from this year s federal Budget.
Treasurer Josh Frydenberg will deliver his second Budget speech in seven months at 7.30pm on Tuesday as he aims to rebuild an economy that was sent into recession by the coronavirus lockdowns.
Mr Frydenberg is already planning more big spending next financial year, with Deloitte predicting a Budget deficit of $87 billion, a figure well below this year s estimated $167 billion shortfall. We won t be undertaking any sharp pivots towards austerity. We want more people in jobs and in better paying jobs. This is what our fiscal strategy is designed to achieve, he said.
On Tuesday at 7.30pm Josh Frydenberg will hand down the federal budget
His focus is on supporting the economy to recover from Covid-19 pandemic
Treasurer also set to announce axing of threshold for employers to pay super
Means workers do not need to earn $450 a month before employers contribute
Worker on $400 a month is $450 better off within a year of change being made
Working parents, average income earners and Aussies with relatives in aged care are set to be big winners from Tuesday s federal budget.
Treasurer Josh Frydenberg will deliver his second budget speech in six months at 7.30pm on Tuesday as he aims to rebuild the economy after the coronavirus pandemic.
Mr Frydenberg has already promised more big spending next financial year, with Deloitte predicting a budget deficit of $87 billion, a figure well below this year s estimated $167 billion shortfall. We won t be undertaking any sharp pivots towards austerity. We want more people in jobs and in better paying jobs. This is what our fiscal strategy is designed to achieve, he said in a speech last week.
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Committee service
Joint Standing: Foreign Affairs, Defence and Trade from 23.7.2019 (Deputy Chair from 9.12.2020).
House of Representatives Standing: Agriculture and Water Resources from 15.9.2016 to 15.6.2017; Agriculture and Water Resources from 21.5.2018 to 11.4.2019 (Deputy Chair from 21.5.2018 to 11.4.2019); Industry, Innovation, Science and Resources from 22.7.2019.
House of Representatives Select: Regional Development and Decentralisation from 13.6.2017 to 28.6.2018; Regional Australia from 29.7.2019 to 7.12.2020 (Deputy Chair from 19.9.2019 to 7.12.2020).
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Shadow Assistant Minister for Defence from 11.8.2020.