Infrastructure Employment
Senator for Victoria, David Van, has declared the Morrison Government’s 2020 -21 Budget as a winner for jobs, business and all Victorian’s.
Under the Government’s Economic Recovery plan, around 3 million taxpayers in Victoria will receive tax relief for the 2020-21 financial year, with 2.6 million taxpayers receiving up to $1,080 this financial year while dual-income families can expect to receive up to $2,160.
Initiatives such as the JobMaker Hiring Credit will be payable immediately and will encourage employers to hire young Australians who are generally more disadvantaged in recessions.
Furthermore, the 2020 budget is also investing a record amount in skills and training to make sure South East Melbourne job seekers have the skills they need to get a job.
The Morrison Government is encouraging businesses owners to further invest in their businesses and create more jobs, with 99 per cent of all Victorian businesses now able to deduct the full cost of any new depreciable assets.
Companies with a turnover of up to $5 billion will also be able to offset losses against previous profits on which tax has been paid to generate a refund.
Senator Van has also welcomed the significant infrastructure investment for South-East Melbourne included in the Morrisons Governments 2020 budget.
The Morrison Government is delivering record investment infrastructure, expanding the 10-year infrastructure pipeline to a record $110 billion, and supporting a further 40,000 jobs nationally
Nationwide the Budget includes a $2 billion investment in road safety upgrades to save lives and an additional $1 billion to support local councils to immediately upgrade local roads, footpaths and street lighting to create jobs now.
By bringing the Budget back to balance for the first time in 11 years and maintaining our AAA credit rating, the Government has ensured we entered the crisis from a position of economic strength, providing us with the fiscal firepower to respond when we needed it most.
The announcements made by the Treasurer, Josh Frydenberg in Tuesday night’s budget build on the unprecedented investments in health and responding to the economic challenged caused by COVID-19.
Quotes attributable to Senator Van:
“The Victorian economy has been hit hard by the Coronavirus pandemic, leaving many Victorians unsure about the future. The 2020 budget is the Morrison Liberal Government’s Economic Recovery Plan, designed to reboot businesses and get the economy moving again.
“The Morrison Liberal Government’s Economic Recovery Plan for Australia not only will create jobs, rebuild our economy and secure Australia’s future, but will also deliver significant infrastructure investment right across Australian including here in South-East Melbourne.
“The Government is committed to ensuring that South-East Melbourne is one of the safest areas in Australia, and our investment in roads, foot paths and street lighting will go a long way to improving road safety.
“The Morrison Liberal Government is providing the funding to the states for shovel-ready projects on a use it or lose it basis, if the Andrew’s State Government drags their feet on delivering these projects Victorians will miss out.
“I urge the Premier to get cracking on approving the projects associated with our Government’s investment in Victoria. We want action on the ground, not stalling in the Spring Street bureaucracy”
“The measures in the Morrison Government’s Economic Recovery Plan for Australia will create jobs, rebuild our economy and secure Australia’s future,” Senator Van said.
