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Budget update: Winners and losers – Yahoo Finance Australia
Treasurer Josh Frydenberg has revealed Australia’s economic rescue strategy. Here’s who wins and who loses.
The Australian government has announced a jaw-dropping net debt of $488.2 billion in todays major economic update, along with its plan for recovery.
The government expects deficits of $85.8 billion for 2019-20 and $184.5 billion in 2020-21.
Federal Treasurer Josh Frydenberg revealed plans to extend access to superannuation and invest in several major infrastructure projects days after adding $16 billion to the budget deficit through the JobKeeper and JobSeeker extensions.
Winners
JobKeepe…
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