Federal Budget 2019

In handing down the 2019-20 Federal Budget, the Treasurer focused on lower taxes, more infrastructure, better skills and quality education.

The budget is in many ways a campaign launch, with the government playing to its base and promising:

  • Three years of budget surpluses.
  • Lower taxes for 10 million Australians and three million small businesses.
  • Funding for 80,000 new apprenticeships.
  • A $100b National Infrastructure Plan.
  • Record spending on schools and hospitals.
  • Small business budget sweetener of $400m as the Coalition expands the instant asset write-off.

Of course, the Coalition will have to win re-election if it is to deliver its long-touted surplus, which the Budget tips to be $7.1b next financial year.

Six O’Clock undertook our annual budget lock-up on 2 April 2019 to assess the Government’s focuses for 2019-20, and closely monitor reactions from media and stakeholders. Jim Stiliadis, Director, and Nathan Clarke, Senior Adviser, took time on the night to discuss their initial reaction.

For more information, contact Six O’Clock on 03 9993 0455 or [email protected], and follow us on LinkedIn and Twitter.