Biggest winners and losers revealed in federal budget

BUDGET WINNERS AND LOSERS

WINNERS

  • Lower income households ‚Äď more energy bill assistance on the way
  • Small businesses ‚Äď energy bill rebates and extension of asset write offs
  • Renewable and other energy companies ‚Äď tax breaks and other incentives for investment
  • Renters ‚Äď second year of increases in Commonwealth Rent Assistance

LOSERS

  • Jobseeker and youth allowance recipients ‚Äď no across the board increase despite recommendations
  • Foreign companies and residents ‚Äď more funds to address tax avoidance and strengthening capital gains regime
  • Environment ‚Äď no major disbursements to address damage such as reef bleaching, species extinction
  • Regional healthcare ‚Äď focus on regional infrastructure leaves communities in the bush disappointed

 

Aaron Sheldrick
(Australian Associated Press)

0

Like This