Tuesday, May 12, 2009

The Australian Federal Budget

So the budget has been handed down again and the two major immediate winners are pensioners and infrastructure.
Universities, Small Business and Parental leave also come out with a few positive outcomes but most of the policy is delayed or only short term.

In dot points
*single aged pensioners will get $32.49 more a fortnight $10 if a couple
*Universities will get a large amount of funding and also in 2013 the Federal government will fund 50,000 more university places
*Large investment in transport and broadband infrastructure
*Tax breaks for small business
*18 week taxable parental leave starts in jan 2011

The only real loss apart from the 57 billion dollar deficit is the loss of the 30% health insurance rebate being cut from those whom earn over 120 000 a year.

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