2020/21 Federal Budget Summary

The COVID-19 pandemic has had a profound impact on Australia’s health system, community and economy, as it has all around the world.
Swann Business & Taxation, 2020/21 Federal Budget Summary

The COVID-19 pandemic has had a profound impact on Australia’s health system, community and economy, as it has all around the world.

The Government has acted quickly and decisively to address the consequences of COVID-19. As a result, Australia has achieved some of the best health and economic outcomes in the world. However, the impacts of COVID-19 will continue to be felt in the Australian economy for years to come.

The Government’s response is now transitioning to ensure the Australian economy recovers strongly by targeting additional temporary support measures to boost household incomes, bring forward business and infrastructure investment activity, and drive the unemployment rate back down.

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