Tens of billions of dollars worth of fast-tracked tax cuts, and a new wage subsidy, have been unveiled in tonight’s historic Federal Budget.
Subscribe: Read more here:
Josh Frydenberg has confirmed a record deficit and an unemployment rate that’s still rising.
But the Budget is also built on the assumption that the recession will be over in a year’s time.
Greg Jennett reports.
ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation.
For more from ABC News, click here:
Watch more ABC News content ad-free on iview:
Go deeper on our ABC News In-depth channel:
Like ABC News on Facebook:
Follow ABC News on Instagram:
Follow ABC News on Twitter:
#ABCNews #ABCNewsAustralia #breakingnews