Budget 2020: winners, losers, news, updates and reaction for Josh Frydenberg's budget

More than 11 million taxpayers will receive a tax cut backdated to July this year, as the government brings forward its legislated tax cuts by two years.

The low-and-middle income tax offset will also be extended for an extra year.

Under the changes, announced in Tuesday night's budget, over seven million Australians will receive a tax break of $2000 or more this year.

Around 5.1 million Australians will also receive two one-off payments of $250, as part of a $2.6 billion stimulus package.

The payments, which will go to pensioners, veterans, low-income families and eligible concession card holders, are in addition to the two $750 economic support payments provided earlier this year.

Businesses will also be encouraged to take on young jobseekers through the new JobMaker hiring credit.

Starting on Wednesday, businesses will receive between $100 and $200 per week for each worker they take out of the dole queue.

Here's how the night unfolded.

READ MORE:

The live blog is below here and above the picture, but sometimes takes a few seconds to appear.

This story Latest analysis of budget income tax cuts, cash payments and JobMaker first appeared on The Canberra Times.