Australia 20/21 financial case: welfare recipients receive 500 yuan subsidy
Seniors, carers, family benefit recipients, and disability benefit recipients will all receive a cash subsidy of $500 in the next five months.The Australian Federal Government hopes that this action will stimulate the Australian economy.
Recipients are recipients of pensions, disability assistance, caregiver allowances, family tax subsidies, family tax subsidies, one-time payments, double orphan support allowances, caregiver allowances, as well as the federal senior health card, pensioner concession card and retirement Military card holders.
Earlier this year, about 660 million Australians who received some kind of assistance from the Welfare Bureau, each received a subsidy of A$750.The second subsidy of 750 Australian dollars per person was one of the federal government's measures to deal with the epidemic, and 500 million Australians received this subsidy.
This year’s federal budget is likely to be Australia’s largest deficit recorded since World War II, a record high.
While granting two allowances of A$250 each time, the federal government continued to pay the guarantor’s allowance and the unemployment allowance for job seekers affected by the epidemic.The latter two allowances will be gradually reduced in the coming months.
Prime Minister Morrison has stated that the budget that was postponed from May to Tuesday night due to the impact of the epidemic will be one of the most important budgets in people's memory.The budget will include rapid tax cuts and billions of allocations for infrastructure projects.The government hopes that these two measures will stimulate the economy.
Federal Finance Minister Josh Frydenberg (Josh Frydenberg) said before the release of the budget that the government's focus is to create jobs to reduce unemployment.
"In tonight's Budget, we will still support young people. Because from the history of Australia’s past economic recession-in the 80s and 90s-it took a long time for Australia to restore the unemployment rate to its original level. "People say that rising unemployment is like taking an elevator, and falling unemployment is like walking down stairs. In the 1980s, it took us 6 years to get the unemployment rate back to 6 from where it started. % Below. The 1990s took 10 years. We hope to be faster than that."