Are you getting a job from the Federal Budget of 2020 - Accounts NextGen

Are you getting a job from the Federal Budget of 2020

Are you getting a job from the Federal Budget of 2020

As the vision of Josh Frydenberg is clear that he is trying to help the Australian economy in faster recovery by creating more jobs. As there are a lot of Australians who lost their jobs in the pandemic. So, people need to be informed about the sectors where more jobs have been created.

  1. Construction workers:
  • It is great news for all those who are in the field of building roads and other such things. After the spread of Coronavirus COVID-19, $14 billion has been invested into the infrastructure sector. This investment is enough to create more than 40,000 jobs in the next 4 years.
  • An additional $7.5 billion has been promised in infrastructure projects in every state of Australia. It will create more than 30,000 jobs in Australia.
  1. Younger people of Australia:
  • All the employers who provide jobs to the people of age 16-35 will get benefits from the new JobMaker Hiring Credit scheme.
  • So, all the employers who hire a new employee will get hiring credit with the help of this scheme for the upcoming 12 months.
  • Another $1 billion have been promised through JobTrainer scheme. This scheme is for supporting all those institutions that enhance the skills of jobseekers.
  1. Tradies:
  • Now, another 10,000 Australians are eligible to get home by this scheme. They have to pay only 15% of the total money and the rest of the money will be guaranteed by the government.
  • But this move will finally help the tradies. As more and more people will buy homes, there would be more jobs for painters, builders, plumbers, etc.
  1. Women:
  • $35.9 million have been granted for expanding the entrepreneur mentorship program for women.
  • Another package of $240.4 million is there to improve the workforce participation of women. This package will help a lot in providing financial independence to women and increasing their salaries.
  1. Regional workers:
  • All the regional workers who belong to the infrastructure field will be benefitted from a $30 million financial aid that is being provided to telecommunication projects (particularly those which are outside NBN fixed-line areas).
  • There would be another $100 million to help regional Australia especially the parts hit by Coronavirus and bushfires.
  1. Trainees and Apprentices:
  • There is a $1.2 billion package called Boosting Apprenticeships Wage Subsidy Package that is intended to create more than 10,000 fresh apprenticeships.
  1. Workers engaged in Aged care:
  • The Federal budget has provided $40.6 million for those who are eligible for aged care facilities. Such funding to enhance the aged care facility will help a lot in creating more jobs for those who are working in this sector.
  1. Workers in the energy sector:
  • As the economy of the country has been hit hard so the government is trying to cut down the power prices. The government can achieve it with the help of private firms. There is a grant of $250 million to make this possible. This in turn will create about 40,000 new jobs.
  1. Workers of manufacturing industries:
  • $1.5 billion has been granted to the six major sectors of manufacturing. Those sectors are space and defense, recycling and clean energy, medical products, mining, food, and drink. The majority of this fund will go in the projects of these sectors. This move is expected to create a large number of new jobs.

Though there are a lot of sectors where most of the people are getting a new job. It is based upon your situation whether you are eligible for one of these or not.

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