Home / News / Federal Budget 2020's tax cuts, cash splash to put Australia in record debt | ABC News

Federal Budget 2020's tax cuts, cash splash to put Australia in record debt | ABC News

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.
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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.

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