Federal Treasurer Josh Frydenberg has handed down what many are describing as an ‘election year’ budget. We take a look at the key areas you need to know that could impact your financial well-being. Bear in mind, the Budget initiatives need to pass through parliament, and survive the upcoming Federal election in order to take effect.
The so-called ‘back in the black’ budget is set to deliver a surplus of $7.1 billion while still providing fiscal stimulus, chiefly through infrastructure spending and personal tax cuts. As the economy appears to be slowing, that could be good news to keep Australia on track for economic growth.