On 11 May 2021, Treasurer Josh Frydenberg handed down the 2021-22 Federal Budget.

The second of the Morrison Government’s “pandemic” budget, the 2021-22 Federal Budget aimed at rebuilding the Australian economy  following the once-in-a-century global pandemic.

The Budget focused on providing more support for businesses, job creation and infrastructure investment, as well as record commitments for women, essential services, mental health, disability support and aged care.

Click TFG_Budget Summary 2021-22 to view pdf of Federal Budget Summary 2021-22. 

AT A GLANCE

$161bn  Budget Deficit for 2021-2022

$617.5bn  Net Debt (30% of GDP)

4.25%  Real GDP Growth for 2021-22

250,000  New jobs by the end of 2022 – 23

$110bn  10-year infrastructure investment pipeline

$1.9bn  Allocated for vaccine roll-out

If you would like more information on how the Budget will impact you or your business, please speak to your Trident account manager or contact us on 03 9899 4036.