Federal Budget

Federal Budget Summary For 2019-2020

Economic plans and a budget summary for 2019-2020 The government plans to further strengthen the economy, with a forecast surplus of $7.1 billion dollars, this being the first surplus in over a decade. Small business owners, middle and low income earners and individual taxpayers all benefit from this year’s budget. A few changes have also …

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2016 Federal Budget Summary

Federal Budget for 2016 delivered by Treasurer Scott Morrison On the day when the Reserve Bank of Australia (RBA) has cut Australia’s interest rate to a record low, Treasurer Scott Morrison has delivered his first Budget (the government’s third) at 7.30pm on 3 May 2016. The Budget sets out the government’s economic plan for Australia …

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Federal Budget Summary

2015-2016 Federal Budget – how does the Budget affect you? Small business is a sector that came out a clear winner from the 2015-16 federal budget delivered by the Treasurer Joe Hockey. Tax cuts for small business companies and unincorporated entities The government will deliver a tax cut to all small businesses through: 1.5% tax …

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2013 Federal Budget

Mr Wayne Swan announced a deficit of $18bn in 2013-14 The Federal Treasurer, Mr Wayne Swan delivered his sixth budget on 14 May 2013. The Treasurer announced a deficit of $18bn in 2013-14. The Government said it expects the deficit to fall to $10.9bn in 2014-15 and return to a small surplus ($800m) by 2015-16. …

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