Finance Minister Mathias Cormann says all reasonable Australians "understand why we are in the position we’re in" as they know the nation has been hit with a global pandemic which has affected economies around the world. “We’ve been hit with a coronavirus recession which had a negative impact on our tax receipts,” Mr Cormann told Sky News host Paul Murray.
“Which has forced us to increase welfare payments and of course we had to make many decisions costing a lot of money to support the economy, to support businesses, to support jobs and to support Australians who lost their jobs “And now to maximise the strength of the recovery”. It comes as Treasurer Josh Frydenberg handed down the federal budget on Tuesday evening, confirming massive government deficit and unprecedented levels of debt.
MathiasCormann We were heading for recession anyway, covid or not. Which always happens when Liberals are allowed to destroy the economy for too long. Happened in the late 80's, and it happened now.
MathiasCormann
MathiasCormann So reasonably opening all internal borders and dealing with the pandemic as a country instead of several different ones might be the answer to the social and economical disaster these restrictions have imposed on these normal people.
MathiasCormann It’s a hoax pandemic and the recession is all of their own making. Just being good little lapdogs
MathiasCormann Bitcoin mining investment is the fastest rising investment platform where you can earn over $2250 within 7 days,you can also start up a long term investment for you and your family,You don't send money to me or anyone to start. It's legit DM me for more info.WhatsApp +19715125482
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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 »
'Our budget plan will see Australia a stronger nation': Treasurer | Sky News AustraliaTreasurer Josh Frydenberg has reaffirmed the 2020-2021 budget will prioritise Australian jobs as he delivered a speech at a press conference ahead of tonight's budget reveal. \n\nHe touted the Morrison government’s “unprecedented” amount of support for Australians during the coronavirus crisis. \n\nThe treasurer is expected to hand down a record-spending budget in response to the devastating economic impact of the pandemic. \n\n'Our plan will create opportunity. Our plan will drive investment. Our plan will grow the economy and guarantee the essential services Australians rely on,” Mr Frydenberg said. \n\n“Our plan will see Australia a stronger nation”. \n\nMr Frydenberg highlighted the nation’s slow recovery in past recessions saying 'unemployment goes up the elevator and comes down the stairs'. \n\n“We want to move faster than that.” \n\n What jobs? You’ve omitted “casual” before “jobs”. Needs to be entrepreneurs to get funds for start up business and also industry to create jobs. But banks would rather say no to entrepreneurs with ideas and rather ask how much equity do you have in your home.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia must 'focus on productivity' to 'get on top of budget red ink' | Sky News AustraliaThe Herald Sun Business Columnist Terry McCrann says focusing on productivity is the fundamental thing which the government should be doing in seeking to drive the economy.\n\n'If we're ever going to get on top of the budget red ink, we have to be focused on actually generating more out of what we can produce,' Mr McCrann told Sky News host Peta Credlin. \n\nMr McCrann's comments come as the federal budget is set to be handed down on Tuesday evening. \n\nHe said 'we need to focus on a real value-added economy going forward that emulates what's happened to our north in Asia'. \n\n'Where you actually produce more productivity'. \n\n Im very impressed with sky at the moment. I'm glad you called him a business columnist because he knows nothing about economics.
Source: SkyNewsAust - 🏆 7. / 78 Read more »