‘Christmas in May’ is the unofficial catchphrase of the 2018-19 Federal Budget (given a Federal election is on the horizon), but officially it’s being referred to by the Government as a ‘Plan for a Stronger Economy’.
Treasurer Scott Morrison outlined that the proposed measures in this year’s Federal Budget primarily focus on several key areas: tax relief to encourage and reward working Australians; keep backing business to invest and create more jobs; guaranteeing the essential services that Australians rely on; keeping Australians safe; and ensuring that the Government lives within its means.
Below we have provided you with an overview of the main proposed measures that may be relevant to you and your personal finances, and two videos we believe might be of interest if you want to know more.
Please contact us if you wish to discuss any aspects of this year’s Federal Budget or how it may affect you.
Treasurer Scott Morrison delivered the 2018-19 Federal Budget on 8 May 2018. We provide you with a summary of the main proposed measures that may be relevant to you.
PwC Australia Economic Lead Partner Jeremy Thorpe shares his insights on this year’s Federal Budget. Front and centre is the Government’s spending and budget surplus forecasts.