The 2017-18 Budget has much to make it popular. In fact, the goodies make it almost feel like a pre-election rather than a post-election budget. The transformation from the austerity to end “the age of entitlement” of the 2014 budget to the “fairness, security and opportunity” of this Budget has been profound.i
As always, most of the key new measures were pre-announced or leaked. On the spending front, the goodies include:
This has been offset by various savings, including:
In this video, Shane Oliver, Chief Economist, and Head of Investment Strategy at AMP Capital discusses how he believes this year’s Budget should be positive for confidence, that the impact on the RBA and the shares is likely to be minimal, and what the sensible focus on housing affordability and infrastructure means for investors.
Contact us to discuss how the Federal Budget may impact your personal financial situation.
What you need to know
This information is provided by Invest Blue Pty Ltd (ABN 91 100 874 744). The information contained in this article is of general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regards to those matters and seek personal financial, tax and/or legal advice prior to acting on this information. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relations to products and services provided to you.
You may also like