What's in the budget?

Two leading economists say don’t expect any major reforms in the Budget. Paul Brennan, Chief Economist at Citigroup says "Given the Prime Minister's reference to the budget as 'boring', it is difficult to see the budget announcing major structural reforms.” While Bank of America Merrill Lynch chief economist Saul Eslake says: "All the signals emanating from the government in the lead-up to next week's budget suggest that it has no appetite for further policy measures that would either significantly reduce the deficit in the near term, or accelerate the return to surplus over the medium term" (Source: AFR). The Australian Newspaper has provided a useful graphic that outlines the expected changes, which you can access here: (VIEW LINK)

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