Fearless Forecast Week 4: 89 Total Yds, 3 Rec, TD
Projected Points: 16.4
Pensioners will get two $250 payments to assist during the COVID-19 pandemic but older unemployed Aussies haven't been given certainty from the federal budget.
Treasurer Josh Frydenberg has delivered a big spending budget aimed at lifting the economy out of recession and getting people back into work.
Thousands of parents are expected to qualify for paid parental leave due to a temporary eligibility change for babies born or adopted during the pandemic.
The coronavirus pandemic has boosted Australia's broad health spending to $467 billion over the next four years, Tuesday's federal budget reveals.
A slump in personal and company tax payments will punch a hole in the federal government's balance sheet for the next four years, the budget papers say.
The federal budget's forecasts rely on a coronavirus vaccine being found by late 2021, but Treasury warns of potential errors due to uncertainties.
Australian workers will save $17.9 billion over a decade through superannuation reforms, including having accounts follow workers when they change jobs.
Three physicists including a woman have been awarded the Nobel Prize for physics for advancing the understanding of black holes.
Water infrastructure will receive a $2 billion funding increase in the federal budget as the government continues to push for states to build more dams.
The Morrison government will double the amount of psychology sessions with a Medicare rebate to 20 as part of the 2020/21 federal budget.
More older Australians will be able to keep living at home with the support of a home care package, under a $2 billion plan in the federal budget.
The federal government will deliver billions in tax breaks so businesses can invest and take on workers as Australia recovers from a virus-led recession.
Businesses will receive up to $200 a week for each worker they hire between the ages of 16 to 29, under a $4 billion scheme unveiled in the federal budget.
The unemployment rate is forecast to peak at eight per cent in December quarter, due to the Melbourne lockdown and border closures, before steadily declining.
Here are the key details of the Morrison government's 2020/21 budget and their impact how do the various measures impact on Australians?
The Morrison government has delivered a $670.3 billion budget which fast-tracks tax cuts and helps young people and women into the workforce.
The Australian economy is expected to continue to contract in 2020/21 financial year, declining by 1.5 per cent, budget papers show.
Treasurer Josh Frydenberg is expecting a solid economic rebound from recession in the next financial year as he spends billions of dollars to help create jobs.