The ACT’s 2021-22 budget provides some notable spending on health, education and infrastructure but little in the way of post-lockdown support for business.
Western Australia’s 2021-22 budget affirms that its pandemic lock out approach and record high iron ore prices helped the state post one of the world’s strongest growth rates last financial year. But labour shortages will act as a drag on the economy until its borders re-open.
Tasmania’s 2021-22 budget affirms that its lock out approach during lockdowns helped it to record strong growth. But as Australia moves to an 80 per cent vaccination rate, this strategy is reaching its expiry date.
South Australia’s 2021-22 budget provides the second act to last year’s COVID -stimulus, while keeping the government’s economic powder dry ahead of next election.
The 2021-22 budget delivers an expansionary budget that increases the fiscal deficit for the coming financial year. While NSW is experiencing a faster-than-expected economic recovery, it won’t get to full recovery until successful vaccine roll-out and re-opening of Australia’s international borders.
The 2021-22 budget has a jobs fund as its centrepiece but the state won’t experience full economic recovery until a successful national COVID-19 vaccine roll-out and re-opening of Australia’s international borders.
The Victorian Government’s 2021-22 budget has a strong focus on budget repair and a welcome emphasis on improving the state’s mental health system, but higher taxes at a time of uncertainty will make many businesses and investors upset.
The Queensland Government handed down its 2020-21 Budget on 1 December 2020. It has a strong focus on investing for future population growth, but the sickest parts of the economy, including small businesses and tourism operators, may feel neglected in this year’s budget. Read on to learn more.
The Victorian Government handed down its 2020-21 Budget on 24 November 2021. It has a strong focus on supporting the community and jobs, but business would be justified in feeling they have been ignored. Read on to learn more.
The 2020-21 New South Wales Budget focuses on stimulus and job creation to overcome the impacts of COVID-19. Here are the highlights.