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
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