Budget 2022-23: Federal Govt aims to help businesses rebuild from floods

The Federal Government has announced plans, at its recent Budget 2022-23, to help businesses, in addition to not‑for‑profit organisations, councils, primary producers and households, rebuild from the recent floods in parts of Queensland and New South Wales.

It has allocated $665 million towards grants for businesses and farmers for repairs, new equipment and support services, $589 million for community clean-up and recovery, including $300 million from the Emergency Response Fund for recovery and post-disaster resilience initiatives, and $2.2 billion to households for income support, temporary accommodation and social services.

The government expects to spend more than $6 billion on disaster relief and recovery because of these floods.

Treasurer Josh Frydenberg said this support is helping affected communities to get back on their feet.

“Our thoughts are with those who have lost loved ones, homes and businesses in the catastrophic floods across New South Wales and South-East Queensland. Nothing I say can overcome the personal pain and loss of so many Australians,” he said during the Budget.

“We will stand with these communities and help them rebuild. Already, over $1 million disaster payments have been made, total support to families, farmers, small businesses, local governments, and their communities is expected to exceed $6 billion.

“It will deliver hope, work and the prospect of returning to a better life.”

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