Budget 2020: Rebuilding Together

As anticipated Budget 2020 is dominated by COVID-19, with heavy focuses on growing the economy, creating jobs and strengthening public services.

Highlights

  • $50bn fund to deliver the COVID-19 response and economic recovery plan, at centre of the jobs budget.

  • $4bn business support package, including a targeted $3.2bn Wage Subsidy Scheme extension.

  • $3bn infrastructure investment and 8,000 public housing build programme, to boost productivity and create jobs.

  • $1.6bn for the trades and apprenticeships training package.

  • $1bn environmental jobs package.

  • $3.3bn new funding to strengthen core services, including health and education.

 

Matthew Biddick