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The 2021-22 Australian Budget

Key points


> The Government expects the Federal budget deficit to peak at $161bn this financial year (down from $214 billion in October’s Budget) and fall to $107bn in 2021-22.
> The windfall to the budget from stronger growth is being spent on extra stimulus. Return to budget surplus looks more than a decade away.
> Key measures include more spending on aged care, childcare, infrastructure, investment tax breaks and more help for home buyers.
> Avoiding fiscal austerity and focussing on growing the economy is the right thing to do at present.

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  •   13 May 2021
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