In what will be the most important budget of modern times, Treasurer Josh Frydenberg is set to focus on Australia’s youth in a bid to inject much needed life-blood into the economy. “All eyes tomorrow night on Josh Frydenberg,” according to Sky News host Peter Gleeson.
The Australian is reporting “average families will receive up to $5000 in income tax relief and young Australians will be targeted through a back-to-work wage subsidy”. The Treasurer is set to offer a “jobs lifeline” for close to 700,000 Australians under the age of 35 forced onto JobSeeker during the pandemic-enforced recession, according to The Australian.
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Frydenberg foreshadows next federal budget: FULL INTERVIEW | Sky News AustraliaTreasurer Josh Frydenberg has foreshadowed his plan to save Australians from the worst economic disaster in living memory in an exclusive interview on tomorrow’s budget reveal.\n\nMr Frydenberg told Sky News Political Editor Andrew Clennell he could see an end to the economic crisis and promised the Coalition was still a reformist government.\n\n“I can see the light at the end of the tunnel, I can see our economy recovering, we are about rebuilding for the future,” Mr Frydenberg said.\n\n“This budget is all about jobs … without a jobs recovery, you don’t have a stronger economy.”\n\nMr Frydenberg also warned the nation would suffer from net-zero immigration over the next few years and encouraged Australians to have more children to help sustain growth.\n\nWhile the treasurer would not be drawn into whether tomorrow’s budget will mention reduction in corporate tax rates, he maintained a commitment towards reformist policies.\n\nMr Frydenberg also revealed in the interview that the budget will take into consideration the “possibility” that a coronavirus vaccine will be available to Australians next year.\n\n \n\n JoshFrydenberg aclennell The “worst economic disaster in living memory”? No, it cannot be so under the watch of the Liberal government. JoshFrydenberg aclennell From the Dan Andrews administration ? JoshFrydenberg aclennell more cash for billionaires?
Source: SkyNewsAust - 🏆 7. / 78 Read more »