“In 2020, Australians have been tested like never before. Flood, drought, fires, and a global pandemic. […] This year Australia’s circumstances have changed dramatically. But Australians have not. We are hard-working, resilient, resourceful, and compassionate people. […] The road to recovery will be hard – but there is hope. […] Together Australia will come back. Together we will rebuild our economy and secure Australia’s future. I commend the budget to the House.”, with these words Federal Treasurer, Mr Josh Frydenberg, handed down the 2020/21 Federal Budget at 7:30 pm (AEDT) yesterday on 6 October 2020.
This will probably be the most significant Federal Budget in our lifetime: a budget designed to pull Australia out of its first recession since the Great Depression thanks to the Covid-19 pandemic.
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Federal Budget Overview
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