 The key element not spelled out in the budget documents is hope. Hope that business does what the government wants to. It's a bit like leading a horse to water. Now the government's spending twice as much on business tax breaks, business incentives as it is on tax cuts. The tax cuts will get the publicity because there are more of us who will get them. We're interested in those and they're directed at middle income earners. So we will get a tax cut and a pretty hefty refund because the tax cuts are backdated to the start of this financial year. But it's big tax breaks for business, big incentives for business and a hope that business will boost its investment. Now it might not. The reason is that at the same time a $100 billion program, that's how much will be spent on JobKeeper over two years, vanishes, it winds down, it's already wound down, it'll wound down further after Christmas, and then vanish at the end of March on April 1st. From then on the government is hoping that business keeps its employees on and it's got an extra incentive that it thinks will encourage businesses to take on young people under 35 who've been on Newstart unemployment benefits. But it's only got that in for 350,000 jobs as an estimate. It's been supporting 3.5 million Australians through JobKeeper. Now if business decides in areas affected by the pandemic, this is quite likely, businesses decide that when JobKeeper ends they can't keep going, that won't happen. There's also a lot of assumptions that need to go right. There are assumptions about immigration returning after being negative, if you like, people actually leaving the country, more people leaving than coming back for two years. There are assumptions that the coronavirus vaccine will be ready by the end of next year. There are assumptions about states reopening their borders. If everything goes right, if business comes to the party, these budget forecasts of improved economic growth and lower unemployment will come to pass. If not, we'll need another budget. The government has shown, or an update, the government has shown its willingness to spend even more as needed.