Budget 2020-21, "The Government could have done more"

Budget

Source: AAP

According to University of New South Wales-Canberra finance professor, Massimiliano Tani, in this budget the government has excessively delegated to businesses the responsibility of creating jobs to get out of the recession caused by the COVID-19 pandemic.


The deficit increase and the Morrison government's choice to spend to stimulate consumption and restart the engine of the economy are the aspects that stand out in the 2020-21 budget handed down last night by Treasurer Josh Frydenberg.


Highlights

  • Two hundred billion dollars injected by the government into the national economy to create new jobs
  • Tax relief and cuts brought forward compared to government plans
  • The Treasurer bet on the ability of small and medium-sized enterprises to restart the economy

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