Federal Budget 2021/22
A big spending budget that focuses on jobs and economic recovery
The premise of the 2021/22 Federal Budget is about getting more people back into work and strengthening the Australian economy in response to the global challenges caused by Covid.
There is more money for businesses, households, and infrastructure. However, the success of the government’s economic recovery plan hinges on how effectively and quickly the new budget measures can create new jobs and assist industries that are reliant on having our international borders open.
The 2021/22 Federal Budget seeks to achieve the government’s economic recovery goal by gifting a tax cut to low and middle-income earners, extending tax incentives for businesses, adding additional training and apprenticeship places, and providing additional spending on infrastructure, aged care, and the COVID vaccination program.