Treasurer Josh Frydenberg says tax relief and lower than anticipated unemployment rates are products of Australia’s “strong economy”.

“Last year we were facing economic Armageddon – there was some forecasts that unemployment could reach as high as 15 per cent,” Mr Frydenberg said.

“Today, unemployment is actually lower than when we came to government.”

He said small business tax rates have come down to their “lowest level in 50 years,” and in the last three months, there has been tax relief of more than $10 billion to 11 million Australians.

“That is the product, that is the dividend of having a strong economy,” he said.

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