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Latest News

The 2018-19 Federal Government Budget Summary from Banksia Partners

By Banksia Partners on May 9, 2018

Last year’s message from Treasurer Scott Morrison was that the Coalition’s government is trying to strike a balance between positive measures to promote economic activity such as increased spending on infrastructure and business incentives, while offsetting this with modest cuts to previously locked in recurrent spending on welfare, universities, and elsewhere.

Last night’s Federal Budget reflects a ‘turning of the corner’ as tax receipts are now being boosted by a slowly accelerating economy, allowing for some well targeted tax relief to the mass of middle-class Australian’s impacted by slow wages growth, while also targeting a budget return to surplus a year earlier than expected (2020). <<Read more>>

 

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