By Australian Associated Press
Published: 08:33 BST, 26 September 2020 | Updated: 08:45 BST, 26 September 2020
The federal budget will be a 'titanic effort' to pull Australia out of its COVID-19 economic crisis, Prime Minister Scott Morrison says, as his government is accused of stripping millions from the economy through cuts to unemployment payments.
The 2020/21 budget, to be delivered on October 6, will be the 'most unprecedented investment in Australia's future', according to the prime minister.
'It will be a titanic effort that we're involved in to ensure that this country can get back on the growth path that we want to be on,' he said in Adelaide on Saturday.
The federal budget will be a 'titanic effort' to pull Australia out of its COVID-19 economic crisis, Prime Minister Scott Morrison said at the Liberal Party AGM in Adelaide on Saturday (pictured)
'That means we're going to have to do some very heavy lifting in this budget and that comes at a significant cost.'
Those out of work were hit with a cut to their dole on Friday as the JobSeeker supplement was reduced from $550 a fortnight to $250.
From Monday, the JobKeeper rate will also decrease and be split into two tiers for full-time and part-time workers.
The full rate will go from $1500 to $1200 a fortnight, while people who worked less than 20 hours a week pre-pandemic will receive just $750.
Shadow treasurer Jim Chalmers said the cuts would strip $680 million a fortnight out