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‘Not sensible’: Budget pushed back

  • March 23 2020
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Invest

‘Not sensible’: Budget pushed back

By Grace Ormsby
March 23 2020

Due to “great uncertainty”, no federal or state budgets will be handed down for the next six months, at least.

Budget pushed back

‘Not sensible’: Budget pushed back

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  • March 23 2020
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Due to “great uncertainty”, no federal or state budgets will be handed down for the next six months, at least.

Budget pushed back

In a press conference held on Friday, Prime Minister Scott Morrison said the newly formed national cabinet had agreed that putting budgets together at this time with the great uncertainty that exists “is not something that any Commonwealth or state government should be doing”. 

“As a result, we’ve already decided that we will not be now handing down a budget until the first Tuesday in October, on the 6th October,” Mr Morrison said. 

“The idea that you can actually put together any sort of forecasts around the economy at this time is simply not sensible,” he continued.

The states and territories will be working to a similar timetable.

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Despite the delay, the Prime Minister said they “will be putting in place the necessary measures with the support of the Parliament on supply and other continuances to ensure the proper functioning of government services and the continuation of vital programs”.  









‘Not sensible’: Budget pushed back
Budget pushed back
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About the author

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Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

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