Treasurer Josh Frydenberg says the budget will be repaired by growing the Australian economy.

Mr Frydenberg defended the budget deficit, arguing the Coalition government had to take “some very difficult and necessary actions.”

“Programs like JobKeeper helped save 700,000 jobs,” Mr Frydenberg said.

The Treasurer said the budget would further be repaired by job creation and to “cut taxes to provide more incentive for work, and to encourage aspirational reward effort.”

“Based on the figures in the budget announced in October of last year and then the final budget outcome for 2021, there was an $80 billion improvement as a result of a stronger labour market.

“Of course, there are other factors at play, but the stronger labour market was a primary factor.

“And the fact that today, unemployment is lower than when we came to government after the biggest economic shock since the Great Depression is a sign that our economic plan is working.”

Recommended Posts

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *