Analysis of the federal budget

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)


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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...

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