Westpac welcomes 2021 Federal Budget

Westpac

Westpac CEO Peter King said this is a Budget focused on job creation and driving growth for Australia.

“The additional spending on infrastructure will be a key economic and employment driver and the banking sector will play a vital part in facilitating these projects.

“It’s particularly pleasing to see ongoing support for the tourism sector, and for business more broadly, the extension of temporary full expensing and loss carry-back rules into 2023 will provide welcome relief for the vast majority of businesses that will benefit”, said Mr King.

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