Australia forecasts a 2020-21 budget deficit of $184.5 billion as COVID-19 takes its toll on economy : The Morrison Government will deliver more support for households and businesses to help Australians through the COVID-19 pandemic and bolster our economic recovery. The JobKeeper Payment will be extended by six months to 28 March 2021 and the temporary Coronavirus Supplement for those on income support will be extended until 31 December 2020. Prime Minister Scott Morrison said the extra assistance would continue supporting hundreds of thousands of Australians who are without work, and offer businesses and their workers a lifeline to not only get through this crisis, but recover on the other side. “We will have Australian’s backs as we face the ongoing impacts of COVID-19,” the Prime Minister said.

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