Australia’s 2020 Federal Budget has been unveiled. It contains the next phase of measures to support the economy through the coronavirus pandemic and in the recovery. It focuses on supporting demand, businesses and job creation.
Yesterday, Federal Treasurer Josh Frydenberg, unveiled Australia's Federal Budget 2020-21. It contains the next phase of measures to support the economy through the coronavirus pandemic and in the recovery.
Here our Global Economic and Markets Research team outline what the Federal Budget might mean for you.
Budget 2020/21 – Extraordinary times, extraordinary outcomes.
“Extraordinary” budget focuses on a jobs-led recovery
Businesses large and small, infrastructure, agriculture and housing feature in fiscal measures designed to lift the economy out of the coronavirus-induced recession.
A Tale of Two Pandemics: The Spanish Flu 1919-1920 - economic impacts and recovery
Exactly 100 years ago, another pandemic – the Spanish flu - brought the country to its knees. Despite the passing of time, economically and socially, the stories of then and now are somewhat similar.
Information is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice. The information is approved and distributed by Global Economic & Markets Research team, a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 ("the Bank"). The information is solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or other financial instruments. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.
The podcast, video and webcast links will bring you to a third party website, owned and operated by an independent party over which CBA has no control ("3rd Party Website"). Any link you make to or from the 3rd Party Website will be at your own risk. Any use of the 3rd Party Website will be subject to and any information you provide will be governed by the terms of the 3rd Party Website, including those relating to confidentiality, data privacy and security. Unless otherwise expressly agreed in writing, CBA and its affiliates (collectively "CBA") are not in any way associated with the owner or operator of the 3rd Party Website or responsible or liable for the goods and services offered by them or for anything in connection with such 3rd Party Website. CBA does not endorse or approve and makes no warranties, representations or undertakings relating to the content of the 3rd Party Website. CBA disclaims liability for any loss, damage and any other consequence resulting directly or indirectly from or relating to your access to the 3rd Party Website or any information that you may provide or any transaction conducted on or via the 3rd Party Website or the failure of any information, goods or services posted or offered at the 3rd Party Website or any error, omission or misrepresentation on the 3rd Party Website or any computer virus arising from or system failure associated with the 3rd Party Website.
For information on our privacy and information handling practices, please refer to our Privacy Policy.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945. Head Office – 201 Sussex Street, Sydney NSW 2000.