2020 Economic and Fiscal Update Summary

On 23 July 2020 the Australian Government released an Economic and Fiscal Update which unveiled the impact COVID-19 has had on Australia’s economy and financial position. Mazars have summarised the key facts and figures contained in the Update or Mini-Budget as it has been commonly referred to.

Here’s what you need to know:

The full Economic and Fiscal Update can be accessed here.

If you have any questions please speak to your usual Mazars advisor or alternatively contact:

Brisbane – Tim Taylor

Melbourne – Evan Beissel

Sydney – Dean Newman

+61 7 3218 3900

+61 3 9252 0800

+61 2 9922 1166


Published: 23/7/2020

All rights reserved. This publication in whole or in part may not be reproduced, distributed or used in any manner whatsoever without the express prior and written consent of the Mazars, except for the use of brief quotations in the press, in social media or in another communication tool, as long as Mazars and the source of the publication are duly mentioned. In all cases, Mazars’ intellectual property rights are protected and the Mazars Group shall not be liable for any use of this publication by third parties, either with or without Mazars’ prior authorisation. Also please note that this publication is intended to provide a general summary and should not be relied upon as a substitute for personal advice. Content is accurate as at the date published.