Financial incentives proposed ahead of Budget

Prime Minister Scott Morrison and Treasurer Josh Frydenberg.

Prime Minister Scott Morrison and Treasurer Josh Frydenberg. Source: AAP

With the Federal Budget announcement just over a fortnight away, speculation over how the government plans to lead the country out of recession is increasing.


Next week, the Federal Government's income support payments will be reduced.

JobKeeper will decrease from $1500 per fortnight to $1200.

More than one million Australians relying on the JobSeeker payment will see that support be reduced also.

While an overall increase from the old rate will remain until the end of the year, Social Services Minister Anne Ruston won't say whether there will be permanent rise.

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