'Australia is coming back': Read Treasurer Josh Frydenberg’s full Federal Budget 2021 speech – as he reveals what you need to know
Mr Speaker, I move that this Bill now be read a second time.
Australia is coming back.
In the face of a once-in-a-century pandemic, the Australian spirit has shone through.
Doctors and nurses on the front line.
Teachers and students in the virtual classroom.
Businesses, big and small, keeping the economy moving.
‘Team Australia’ at its best.
A nation to be proud of.
We have come so far since the height of the pandemic.
Treasurer Josh Frydenberg announced the Federal Budget 2021 speech on Tuesday May 11
Treasury feared unemployment could reach 15 per cent and the economy contract by more than 20 per cent.
This would have meant 2 million Australians unemployed.
It would have been the equivalent of losing the agriculture, construction, and mining sectors.
Mr. Speaker, today the reality is very different.
Ahead of any major advanced economy, Australia has seen employment go above its pre-pandemic levels.
At 5.6 per cent, unemployment today is lower than when we came to government.
This is remarkable.
Australi ..
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