BUDGET INSIGHTS

INSIGHTS, TRENDS AND CASE STUDIES

As anticipated, the Coalition delivered an election Budget – but the headline tax cuts only hit in 2022-23. Meanwhile, questions abound about the Government’s optimistic forecasts and just how stimulatory this Budget is.

Personal income tax cuts were the headline of the 2019 Federal Budget – along with a change to super contributions and a new work test age.

Small business won tax cuts, an increase to the instant asset write-off, increased infrastructure spending and investment in apprenticeships.

Big spending for drought and flood relief were a feature of this year’s Federal Budget, along with a Future Drought Fund and an Emergency Response Fund.

Mental health, aged care and frontline and primary care were key initiatives for the health sector this year.

Pre and post-secondary schools received a funding boost, with non-government schools receiving 60% of school funding for 2019-20.

It’s the season for tax cuts – and more support for super. Find out what’s happening in your bracket.

It’s all about infrastructure, tax and supporting the Baby Boomers this year. The expected pre election spend hasn’t materialised.

Listen to Alan Oster, NAB’s Group Chief Economist, Tom Elliott, 3AW Drive Host and Vicki Macdermid, Partner at Pitcher Partners, bringing you expert insights to what the budget means for you and your business.

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