On April 19, 2021, the Minister of Finance, delivered the 2021 Federal Budget: A Recovery Plan for Jobs, Growth, and Resilience – the first Federal Budget since 2019.
The program spending measures announced focus on transitioning from emergency response to recovery. The Government announced it will invest more than $101 billion in net new spending over the next three years, including $30 billion over the next five years to build a national child-care system.
There were a significant number of tax measures included in this Budget, as well as items for future consultations.
The following report is a summary of the new emergency measures and tax highlights from the announcements: