System Message:

Australian Immigration Daily News

Breaking Australian immigration news brought to you by Migration Alliance and associated bloggers. Please email

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form
Posted by on in General
  • Font size: Larger Smaller
  • Hits: 572

Australia - Federal Budget Overview Summary 2021

Securing Australia’s recovery

The Government’s economic plan to secure Australia’s recovery through:

● Personal income tax cuts

● Business tax incentives

● New apprenticeships and training places

● Infrastructure

● Record funding for schools, hospitals, aged care, mental health and the NDIS.

Aim to secure Australia’s recovery and drive the unemployment rate down.

Budget at a glance

Jobs and economy

● $7.8 billion in tax cuts for low- and middle-income earners, up to $1,080 for individuals or $2,160 for dual income couples.

● $20.7 billion in tax relief over the forward estimates to support business investment and create jobs through extension of temporary full expensing and temporary loss carry-back.

● $15.2 billion over ten years to fund infrastructure commitments.

● Extending the HomeBuilder construction commencement period and the New Home Guarantee.

  • Australia’s digital economy investment.

● $1.2 billion for aviation and tourism support for specific sectors and regions.

Essential services

● Extending the COVID-19 health response and COVID-19 vaccination program.

● $13.2 billion fully funding the NDIS.

● $17.7 billion aged care reforms.

● $2.3 billion mental health care and suicide prevention.

● Investing in preschools.

Women’s safety and economic security

● Addressing violence against women and children.

● Ensuring Australian workplaces are free from sexual harassment.

● Women’s health services improvements.

● Strengthening women’s economic security - child care affordability, employment and financial security.

A resilient and secure Australia

● Australians’ safety - national security and law enforcement capabilities.

● Agriculture support to achieve farm gate output to $100 billion by 2030.

● energy security, affordability and reliability initiatives.

● Medical and biotech innovation

● Regional development.

● Natural disaster support.

The underlying cash deficit in 2021‑22 is forecast to be $106.6 billion (5.0 per cent of GDP). Forward estimates: $57.0 billion deficit (2.4 per cent of GDP) in 2024‑25 and to a deficit of 1.3 per cent of GDP in medium term. Compared to the 2020‑21 Budget, the underlying cash deficit has improved by $52.7 billion in 2020-21.

Source: Federal-Budget-overview-summary-2021.pdf

Last modified on
Rate this blog entry:


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Tuesday, 15 June 2021
Joomla SEF URLs by Artio

Immigration blog

Bizcover Banner
Migration (Places and Currencies for Paying of Fees) Instrument (LIN 21/004) 2021
The purpose of the instrument is to undertake a bi...
Continue Reading...
Dear Partner, We are excited to announce a new ho...
Continue Reading...
Legal Training Australia appointed as the Migration Agents Capstone Exam provider
On Friday afternoon last week the Office of the Mi...
Continue Reading...
HAWKE: Migration Amendment (Subclass 189 Visas) Regulations 2021
Overview of the Disallowable Legislative Instrumen...
Continue Reading...