Australian Treasurer Josh Frydenberg. The release of the federal budget, which usually takes place in May, was delayed as the coronavirus pandemic upended most of the economic assumptions underlying its projections. Photo: EPA-EFE Australian Treasurer Josh Frydenberg. The release of the federal budget, which usually takes place in May, was delayed as the coronavirus pandemic upended most of the economic assumptions underlying its projections. Photo: EPA-EFE
Australian Treasurer Josh Frydenberg. The release of the federal budget, which usually takes place in May, was delayed as the coronavirus pandemic upended most of the economic assumptions underlying its projections. Photo: EPA-EFE

Budget gives Australians billions in tax cuts to prop up coronavirus-hit economy

  • Australia is facing a record budget deficit after Scott Morrison’s government unveiled US$215 billion in stimulus measures to boost economic growth
  • Treasurer Josh Frydenberg announced a recovery plan that includes creating a million new jobs in the next four years

Topic |   Australia
Australian Treasurer Josh Frydenberg. The release of the federal budget, which usually takes place in May, was delayed as the coronavirus pandemic upended most of the economic assumptions underlying its projections. Photo: EPA-EFE Australian Treasurer Josh Frydenberg. The release of the federal budget, which usually takes place in May, was delayed as the coronavirus pandemic upended most of the economic assumptions underlying its projections. Photo: EPA-EFE
Australian Treasurer Josh Frydenberg. The release of the federal budget, which usually takes place in May, was delayed as the coronavirus pandemic upended most of the economic assumptions underlying its projections. Photo: EPA-EFE
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