Federal budget: Australians warned the delayed announcement will be ...

Australians are warned the delayed 2020 federal budget will bring 'unprecedented' pain - after billions were handed out to save jobs and businesses during COVID-19 crisis Prime Minister Scott Morrison warned Australians of a tough 2020/21 budget He says Australians will need to do some 'heavy lifting' at a 'significant cost'  The Australian leader was in Adelaide on Saturday for the Liberal Party's AGM 

By Australian Associated Press

Published: 08:33 BST, 26 September 2020 | Updated: 08:45 BST, 26 September 2020

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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)

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

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