Member for Barker Tony Pasin has welcomed the Federal Government’s Budget saying that the Government’s Economic Recovery Plan for Australia will create jobs, rebuild our economy and secure Australia’s future, including in Barker.
Under the plan, taxpayers in Barker will get a tax cut backdated to 1 July this year.
“This means more money in the pockets of local households to assist with the cost of living, but also to help generate local economic activity and local create jobs,” Mr Pasin said.
The Budget announcements build on the Government’s unprecedented investment in the health and economic response to COVID-19.
“By bringing the Budget back to balance for the first time in 11 years and maintaining our AAA credit rating we entered the crisis from a position of economic strength, providing us with the fiscal firepower to respond when we needed it most,” Mr Pasin said.
Since the onset of the pandemic, the Government has provided $257 billion in direct economic support to cushion the blow and strengthen the recovery.
The 2020-21 Budget commits a further $98 billion including: $25 billion in direct COVID-19 response measures and $74 billion in new measures to create jobs.
“Through this Budget and our economic plan we’re supporting Australians to get back to work and businesses to rebuild, grow, and create jobs”
“The JobMaker Hiring Credit will be payable immediately to employers who hire eligible employees and we’re investing a record amount in skills and training to make sure Barker job seekers have the skills they need to get a job,” Mr Pasin said.
“We are also further assisting first home buyers and the construction sector by extending the First Home Loan Deposit Scheme to another 10,000 places and providing an additional $1 billion of low cost finance to support the construction of affordable housing. This is not only great news for home buyers but our local construction industry and our timber and forestry sector.”