The 2020-21 Federal Budget is about spurring the Australian economy out of recession with a record $213billion deficit spending this financial year. This is about 11% of GDP and is it’s highest level since the end of WWII. The focus is on stimulating demand to build business confidence, create jobs and start targeting getting unemployment back to below 6%.

Sonia Currey overviews the key measures proposed relating to personal financial planning in this video.


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