The State government has delivered the Queensland state budget for 2020-21 with some welcome industry incentives.
The Budget 2020-21 was delivered on Tuesday, 1 December 2020 by Treasurer Cameron Dick. Like other State Budgets, the Queensland State Budget is focused on the creation of new jobs, large infrastructure projects, construction and incentives for reskilling and apprenticeships – with borrowing to support this.
The Treasurer announced, “If there has ever been a time to borrow to build, to create jobs and to strengthen the Queensland economy, it is now.”
The Budget papers highlight that while COVID-19 delivered an unprecedented shock to the economy and a substantial impact on the State’s revenues, Queensland is rebounding from the impacts and recovering faster than other States.
Have questions?
If you any questions in regards to the Budget and what it might mean for you, don’t hesitate to get in contact with experienced chartered accountants on 07 3823 2344.
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