The Australian treasurer has announced a big spending budget to help get the country back on track.
The government has announced more than $53 billion in new stimulus payments and funding for key services.
Here’s what you need to know
International borders are likely to remain shut for at least 12-months.
The Treasurer promised $8 billion in new tax cuts for low and middle income earners and more than $20bn in further tax breaks for small businesses.
Mr Frydenberg released an 81-page women’s budget statement, featuring $1.1bn for women’s safety, a $1.7bn investment in childcare and $350m for health and wellbeing measures.
The treasurer says the economy is recovering.
‘Australia’s economic engine is roaring back to life’
As a share of the economy, net debt is around half of that in the United Kingdom and United States and less than a third of that in Japan.
“We are better placed than nearly any other country to meet the economic challenges that lie ahead”
tHE TREASURER SAYS.
The Treasurer says that Consumer sentiment is at its highest in 11 years.
“Business conditions reached record highs. And more Australians are in work than ever before.”
Australia is now well on the road to recovery.#Budget2021 secures our recovery and sets Australia up for the future.
Similarly, Australian politician and former industrial lawyer who is the leader of the Australian Greens and federal MP for Melbourne has shared his response on twitter to the government stating the budget ‘invests in the people’.
There’s tax cuts for billionaires and handouts to big corporations, but wages will *go backwards* for the next two years and job seekers are stuck in poverty.
This is a bad Budget from a trickle-down Treasurer.
Australians have endured eight long years of flat wages, insecure work and skyrocketing cost of living under the Liberals and Nationals – and this Budget does nothing to change that.
TikTok’s fate in the United States has never been more in doubt.
Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.
But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.
Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity
New research shows the impact of alcohol on our gut microbiome.
Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.
Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.
Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.
