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Budget 2021 at a glance

The Covid pandemic has put a surplus on the backburner — here’s a snapshot of how it looks.

There’s just about something for everyone in the 2021 federal budget. Picture: Supplied
There’s just about something for everyone in the 2021 federal budget. Picture: Supplied

The Covid pandemic has put a surplus on the backburner — here’s a snapshot of how it looks.

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Other winners

• Instant asset write-offs for business extended for two years

• Tax breaks for new patents to boost manufacturing

• Downsizers allowed to pay $300,000 each into super accounts

• 450,000 new training places for jobseekers and young people

• $2.3bn mental health package

READ MORE: See our full list of Budget winners and losers

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Read related topics:Coronavirus

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Original URL: https://www.theaustralian.com.au/nation/budget-2021-at-a-glance/news-story/3cdc9e1e76c9bc1e3cdfa72e39366eb4