Federal Budget: Treasurer drops major Budget hint

Treasurer Josh Frydenberg has dropped a major hint ahead of tonight’s Budget, revealing the top priority outlined in the economic plan.

Treasurer Josh Frydenberg has given further insight into what tonight’s Federal Budget will look like, revealing it is “all about jobs”.

“COVID-19 is an economic shock like no other. Globally, the equivalent of 600 million people have lost their job, and here in Australia, 10 per cent of our work force either lost their job or saw their working hours reduced to zero,” he told reporters on Tuesday morning.

“The Morrison Government responded with an unprecedented amount of support. JobKeeper. JobSeeker. $750 payments to millions of pensioners, carers and others on income support. And a $32 billion cash flow boost that is supporting small business through this crisis.”

#BREAKING: Treasurer Josh Frydenberg says he has a plan and that plan will be focused on jobs for Australians. @jekearsley #9News pic.twitter.com/R4HMjQ9ETH

— 9News Australia (@9NewsAUS) October 5, 2020

Mr Frydenberg said the Budget will lay out the plan for Australia’s economic recovery.

“Our plan will create jobs. This is all about jobs. It’s all about helping those who are out of a job get into a job,” he said.

“It’s all about helping those that are in work stay in work. Our plan will create opportunity. Our plan will drive investment. Our plan will grow the economy and guarantee the essential services Australians rely on. Our plan will see Australia a stronger nation.”

Mr Frydenberg said there have already been some “encouraging signs” for Australia’s economy with COVID-19 restrictions being eased across the country.

“Right now we have a two-speed national economy. We have Victoria and we have the rest,” he said.

“But, fortunately in Victoria, the number of daily cases has been coming down, and those restrictions have started to ease.

“And that will see more people in Victoria get back to work just as we’ve seen more people around the rest of the country get back to work.”