The New Zealand Government boosts spending on social benefits, health and infrastructure while forecasting that net debt will hit 43.6 per cent of GDP by 2025, around double the level before the COVID-19 crisis.
Treasurer Josh Frydenberg has delivered a free spending budget designed to drive employment growth, while also allocating increased funding to social programs such as disability services, aged care and mental health, as well as women’s economic security.
Now that the big headline programs have been announced and dissected, there’s an opportunity to look at some of the lesser known items in this year’s Federal Budget.
Singapore unveiled an expansionary Budget 2021 that balances providing additional support to help businesses and people manage through COVID-19 together with reforms to deal with long-term challenges.