Federal Budget

federal budget 2022-23

Federal Budget 2022 Key Updates

By Wen Wen / March 31, 2022

The 2022-2023 Budget The 2022/23 Budget was handed down last night by the government. While there was some targeted, boutique assistance for small business, the Budget was very much focused on addressing cost of living pressures faced by individuals and families. In a departure from recent years, the Budget was relatively silent on the superannuation […]

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Federal budget for 2021-2022 income year

Federal Budget 2021 (What You Need To Know)

By Wen Wen / May 12, 2021

Federal Budget for the 2021-2022 income year On 11 May 2021, Treasurer Josh Frydenberg delivered the Federal Budget for the 2021-2022 income year. The 2021-22 Federal Budget deficit is $161 billion falling to $57 billion in 2024-25 with net debt predicted to peak at $980.6 billion (40.9% GDP) by June 2025. The full Budget papers are […]

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Federal Government releases the Federal Budget for the 2020-2021 income year

Federal Budget 2020 – Australia’s Biggest Spending Budget

By Wen Wen / October 8, 2020

Last night, on 6 October 2020, Treasurer Josh Frydenberg delivered the Federal Budget for the 2020 – 2021 income year. It will be remembered as Australia’s biggest spending budget with a forecast deficit of $214 billion for the 2021 fiscal year. Hence the phrase, “We are all Keynesians now”, could be written large across current […]

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Federal Budget Summary For 2019-2020

By Wen Wen / August 20, 2019

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

By Wen Wen / May 4, 2016

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 - image

Federal Budget Summary

By Wen Wen / May 14, 2015

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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