Budget breakdown by stocks: The Abbott Coalition Government's first Federal Budget is a contractionary budget which we estimate will have a real GDP hit of...

Wilson Asset Management

Wilson Asset Management

Budget breakdown by stocks: The Abbott Coalition Government's first Federal Budget is a contractionary budget which we estimate will have a real GDP hit of 0.5% next financial year and around 2.0% over the next four years. This would create the largest fiscal contraction from a Federal Budget since the '96-97 Costello Budget. In our view, the government clearly decided that the economy is robust enough to absorb the Budget's related fiscal contraction. We predict this Budget has the potential to push out any interest rate rises, which we are currently anticipating will start in 2015. See our views on the likely impacts of the Budget on various stocks and sectors in our latest Weekly Investor Update email: (VIEW LINK). Sign up to our email through the 'subscribe here' button on our website: (VIEW LINK).


Wilson Asset Management

Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...

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