Australia’s Plan to Recover from Deep Recession

#Australia #recession #recovery

Australia’s Treasurer Josh Frydenberg said Wednesday that the tax cuts forming the centrepiece of the country’s annual budget will not come into effect until December.

Mr. Frydenberg Tuesday announced A$17.8-B in personal tax cuts and A$5.2-B in new programs to boost employment in a plan aimed at helping the China virus-ravaged economy by creating 1-M new jobs over the next 4 yrs. The bulk of the tax cuts are retroactive from 1 July.

Have a healthy day, Keep the Faith!

#Australia#China#jobs#program#Recession#recovery#tax cut#virus