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Federal Budget 2021: Target big debt to build strategic industries

Patrick J. ByrneMay 19, 20215 min read

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…

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