Federal Budget

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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2013 Federal Budget

By Wen Wen / June 3, 2013

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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