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Australia is coming back : Expert analysis of Budget 2021

“Australia is coming back”: Expert analysis of Budget 2021 SmartCompany editor Eloise Keating with the panel of our SmartCompany Talks: Budget Special webinar. Source: Fiona McEachran. After more than a year of pandemic-induced disruption, treasurer Josh Frydenberg wanted his 2021 federal budget to serve as an indicator that Australia is back on the road to recovery. But is true economic recovery achievable in the short term, or is this simply a key weapon in the government’s upcoming election arsenal? To help us undertake analysis of Budget 2021 and examine what it means for a post-COVID future, SmartCompany editor Eloise Keating sat down with three expert panellists here’s what they took away from Budget 2021.

Crikey Worm: How good s a deficit?

COMPLETELY SPENT Crikey, in our late-night edition, explaining that: The Coalition has publicly junked its “small government” furphy with deficits to eclipse $100 billion for the next two years, despite unemployment being expected to fall below 5%, and to exceed $50 billion in 2024-25, “making this the first budget in history designed to buy two elections in a row” Aged care will receive $17.7 billion over four years, including plans for 80,000 new home care packages, $3.9 billion to meet long-standing demands for staffing ratios in residential care; and $3.2 billion to increase the Government Basic Daily Fee per resident paid to residential providers by $10 a day

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