Tag: budget
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The Federal Budget 2020-21: What you need to know before it’s announced
The Morrison government will announce perhaps the most significant federal budget within the last few decades, hoping to re-stimulate the Australian economy. The annual event is set to take place on Tuesday night, with treasurer Josh Frydenberg taking centre stage to address the government’s plans for a post-COVID-19 recovery. Prime Minister Scott Morrison said in…
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Cashless welfare expansion considered ahead of budget
The Federal Government is considering expansions to the trial cashless welfare system ahead of the budget next month. The trial system exists as a cashless welfare debit card, onto which 80% of the individual’s welfare payment is transferred. This card cannot be used to buy alcohol, to gamble or withdraw cash, but is determined for…
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Shorten’s take on the 2016 budget
Opposition leader Bill Shorten has recently provided a rebuttal against Turnbull’s proposed 2016 budget as announced this week. Shorten did not hold back in his criticisms of the current prime minister, claiming that the PM’s budget caters only to the top few or, as Shorten puts it, “Malcolm’s Millionares”. According to Shorten, this budget prioritises big…
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How the Budget affects you
Announced Tuesday night, Scott Morrison and Malcolm Turnbull’s budget is on the tip of everyone’s tongue. The budget shows that Australia will continue in deficit over the next four years, yet also asserts that Australia is growing rapidly. If you’re not sure how the budget affects you or your business, here’s a breakdown of the impacts…