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Why this Federal Budget is good for many ASX shares – Motley Fool Australia
I think ASX shares will benefit from the Federal Budget. Here’s why the latest spending announcements are good for business and the economy.
Investors in ASX shares have a lot to like about last night’s Federal Budget. Tax cuts and monetary incentives look set to boost profits and encourage business activity in 2021.
Why the Federal Budget is good for ASX shares
There were some clear winners from last night’s budget announcement by Treasurer Josh Frydenberg.
These include construction leaders like Mirvac Group (ASX: MGR) with further infrastructure spending. There were also coronavirus-related companies like CSL Limited (ASX: CSL)…
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