$3.2 billion for NSW including $2 billion for upgrades to the Great Western Highway between Katoomba and Lithgow.
$3 billion for Victoria including $2 billion for a Melbourne freight terminal designed to get thousands of trucks off the road. What you should know - there is no single, transformational infrastructure spend in this budget but a careful and conservative approach.Temporary full expensing for businesses with a turnover below $5 billion extended for 12 months. Eligible businesses also able to deduct the full cost of assets, with loss carry back also extended$2.1 billion in targeted support for aviation, tourism, the arts and international education providersover the next four years and will drive new investment.
In total, over four years, 270,000 new apprentices and trainees are expected to be hired under this wage subsidy scheme by March next year. What you should know - governments of all persuasions love to claim credit for creating jobs but the reality is not all schemes work. This one has been a success - unlike JobMaker - that’s why it has been extended.A total of $19 billion in funding for universitiesWhat you should know - no one will argue with more money for preschool education but after big revenue hits flowing from the loss of international students, universities will be disappointed not to win more funding.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Budget 2021: International travel ‘assumption’ included in federal budgetAussies itching to book an overseas holiday will be eagerly watching the federal budget, after Treasurer Josh Frydenberg hinted that more news about the travel ban would be announced tonight. No one including the Treasurer knows when full international travel will resume 😉 Advert. 2025 is my uneducated reckoning. The budget is irrelevant when it comes to pandemic speculation.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Federal Budget: 10,000 new places for five percent housing deposit | Sky News AustraliaUnder the federal budget 10,000 first home buyers can receive a five per cent deposit to build a home and 10,000 single parents will be supported with as low as a two percent deposit to purchase a home, says Treasurer Josh Frydenberg.\n\n'Mr Speaker, when construction work began to dry up, HomeBuilder came to the rescue. New house starts are now at their highest level in 20 years,' Mr Frydenberg said during his budget address on Tuesday night.\n\n'New loans to first home buyers reached their highest level in nearly 12 years. HomeBuilder has been a huge success. And our $2 billion investment in affordable housing is bringing on more supply. \n\n'Mr Speaker, in this budget, our housing measures go even further. Helping another 10,000 first home buyers build a new home with a five per cent deposit, supporting 10,000 single parents to purchase a home with as low as a two per cent deposit. \n\n'Increasing the amount that can be released under the First Home Super Saver Scheme from $30,000 to $50,000.' JoshFrydenberg
Source: SkyNewsAust - 🏆 7. / 78 Read more »
These are ‘five big things’ which will 'be remembered’ from the federal budget | Sky News AustraliaSky News host Paul Murray has assessed “five big things” to come from the federal budget which was delivered on Tuesday evening by Treasurer Josh Frydenberg. \n\n“There is a massive amount of money for aged care,” Mr Murray said.\n\n“We saw out of the Aged Care Royal Commission, a real need to do this”. \n\nMr Murray said, secondly, people over the age of 60 will be able to put $300,000 into their superannuation if they were to sell their family home. \n\n“That’s a big change, you’re not going to see that a lot in the newspapers”. \n\nThirdly, Mr Murray said 10 million people are going to get a tax cut. \n\nFourth, he said this federal budget “puts a lot of money” to help produce more tradies in this country and get more kids to commit to becoming tradies once they leave school. \n\nMr Murray, as his fifth point, also spoke about the “debt picture” to come from this budget. \n JoshFrydenberg Nothing will be remembered of this budget. JoshFrydenberg Murray looks kinda silly in a Liberal cheerleading outfit.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Samantha Maiden’s verdict on the federal budgetIt was the iconic question that made Lara Bingle (now Worthington) a household name. Now we sadly know the answer. What a ludicrous headline and spin.
Source: newscomauHQ - 🏆 9. / 77 Read more »
Budget 2021: Josh Frydenberg unveils a federal budget to 'secure Australia's economic recovery'Treasurer Josh Frydenberg has handed down this year's federal budget, which includes big spending commitments on aged care, mental health and disability support. You can stay up to date on the SBS News live blog.
Source: SBSNews - 🏆 3. / 89 Read more »
See if you're a winner or a loser in this year's federal budgetCash boost for women's health and safety, money to improve aged care, but renewables get left behind — who's got what in this year's budget. Reducing the countries finances to winners and losers perpetuates the stuff you got mine attitude that has embodied this nation since 2013. It’s terrible F*ck off with your zero sum game bullsh*t. auspol Budget21 There seems to be a lot more winners than losers.
Source: abcnews - 🏆 5. / 83 Read more »