THE AUSTRALIAN FEDERAL BUDGET PUTS JOB CREATION AND PRIVATE SECTOR-LEAD STIMULUS AT IT’S HEART.
On 7 October the Australian Budget was officially handed down by the Australian Treasurer, Josh Frydenberg. It was a highly anticipated budget being the first recession budget in close to three decades, and it was expected to set the direction for responding to Australia's downturn following a record period of economy growth.
Since it's release there has been the customary debate and discussion on the budget’s choices and its potential omissions, and the assumptions underpinning it - particularly in relation to how long COVID-19 will last and how quickly and forcefully recovery will come. What is clear is the choices made in this budget will have some very far reaching implications for the years and decades ahead.
Our Partners at Australian Business in Europe (ABIE) put together a great panel to discuss key highlights and major policy announcements from the Federal budget in particular around job maker plan, support for Australian businesses and tax changes. In attendance was Stephen Halmarick, Chief Economist, Commonwealth Bank of Australia, Geoff Taylor, Partner, Majenda and Emily Martin, Australian Treasury Representative, Australian High Commission UK.
ABIE has kindly shared a recording of the webinar with ABCS Members. To access this 66 minute video, click here and use password Budget2020!
