Build strategic industries

Federal Budget 2021: Target big debt to build strategic industries*

The Federal Budget was clearly an election budget. When opinion polling shows that the Coalition is on top, the Prime Minister is likely to go to the polls.

The big-spending (and huge deficit) budget is aimed at stimulating the economy to ensure an economic recovery.

This is reflected in key items:

$1.5 billion for manufacturing (much more is needed).
$2 billion for research and development, backed by halving company tax on income earned and developed and registered patents to 17 p…

Sorry, you don’t have access to this content. Please log in or email [email protected] for help.