Federal Budget 2020

Attached is a good summary of the Budget handed down recently. On the whole we would comment that it will go a long way to helping Australia work its way out of the pandemic. It encourages workers by lowering taxes and encourages businesses to employ and spend. Yes, it will result in a lot of debt but what we need now is incentives to grow our economy. The Reserve Bank are also doing there bit by lowering the cost of borrowing for both Governements, Institutions and individuals.

Looking forward whilst the path is still not certain, the building blocks are there for a solid 2021,2022.