News & Analysis

7 charts that explain the 2020 Australian budget

- October 7, 2020 < 1 MIN READ

The budget deficit is projected to hit $213.6 billion, a record 11% of GDP, before winding back: Instead of falling, as predicted in the last budget, debt will climb: There’s spending and tax cuts a plenty: It’s expected to bring about a bounce-back in economic growth: But much depends on the assumptions, including a return… Read more »

News & Analysis

Budget 2020: Treasurer says ‘we have your back’ as income tax cuts kick in early

- October 6, 2020 4 MIN READ

Accelerated tax cuts, cash splashes for pensioners, massive incentives for business to invest and a subsidy to hire unemployed people are the centrepieces of the Morrison government’s COVID-19 budget. More than 11 million taxpayers will get a tax cut backdated to July 1, giving lower and middle-income earners tax relief this financial year of up… Read more »