Analysis of the federal budget
Craig James
CommSec
Treasurer Joe Hockey has handed down his second Federal Budget with a catch-phrase of ‘helping Australians to have a go’. The budget deficit is expected to improve to $35.1 billion in 2015/16, after an estimated deficit of $41.1 billion this financial year (2014/15). Businesses with annual turnover of less than $2 million will face a 28.5 per cent tax rate from July 2015, down from 30 per cent currently. The economy is tipped to grow by 2.75 per cent in 2015/16. Small businesses will receive immediate tax deductions for a range of assets up to $20,000. The Budget also includes a childcare reform package totalling $3.5 billion, as well as drought relief for farmers. The CommSec reports on the budget are here including videos, charts, reports, infographics (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth Securities, interpreting big picture economic and financial trends for customers, clients and staff. Previously I was Chief Economist at Colonial and have worked at the Australian Financial Review as a senior writer.As well as providing presentations to staff and clients and commentaries on financial and economic trends, I appear regularly in the electronic and print media.I have worked in banking, finance and journalism for 38 years.I hold both Bachelor and Master degrees in Commerce (Economics). Both degrees were undertaken at University of NSW. I am an Adjunct Professor at Curtin Business School in Perth.
Craig James
Chief Economist
CommSec
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...
Expertise
No areas of expertise
Craig James
Chief Economist
CommSec
I am married with three children (all in their 20s) and currently live in Huntleys Cove in the inner west of Sydney. Chief interest is athletics and trying to keeping up with the children.My current role is Chief Economist, Commonwealth...
Expertise
No areas of expertise
Comments
Comments
Sign In or Join Free to comment