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.