Australia to reveal big-spending plan for next fiscal year

The Australian government will release its big-spending economic plan for the next fiscal year aimed at creating jobs and repairing pandemic damage and designed with an eye toward winning votes at looming general elections

CANBERRA, Australia -- The Australian government will release its big-spending economic plan for the next fiscal year on Tuesday designed to create jobs and repair pandemic damage and with an eye toward winning votes at looming general elections. Treasurer Josh Frydenberg said the economy was already recovering from the pandemic and his economic blueprint for the fiscal year starting on July 1 would create more economic strength. “We must secure Australia’s economic recovery. Tonight’s budget will do exactly that,” Frydenberg told reporters at Parliament House. “Tonight’s budget will invest in infrastructure and skills to create more jobs and provide incentives to businesses to do what they do best -- to hire, to innovate and to grow,” he added.