FEDERAL BUDGET INSIGHTS

Childcare, pre-schools and job training featured heavily in this year’s Federal Budget, with some big spending initiatives on the table.

Federal Budget 2021 delivered $15.2 billion in infrastructure spending over the next 10 years – including a new freight hub in Melbourne.

A welcome extension to tax schemes was announced in the 2021 Federal Budget – along with biosecurity and water funding.

The 2021 Federal Budget delivered extensions to tax schemes and apprenticeship/training schemes, while tourism and aviation were big winners.

The Treasurer wasn’t kidding when he said budget repair has been put on hold until unemployment was below 5%, with a raft of new spending measures in Federal Budget 2021.

As the Federal Government flags the need for more big spending, Alan Oster shares his top expectations for this year’s budget.