The Australia government has released its budget for the 2018-19 financial year to – as usual - acclaim, discord and everything in between.
The budget reports Australia will record a deficit of $A18.2 billion this year, before returning to surplus earlier-than-expected in 2019-20.
Below are what some of Australia’s most-respected experts are saying about #Budget2018 on Twitter.
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As expected, tax reform proved to be a key plank of the budget, with tweaks to tax brackets.
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Small businesses will again benefit from changes which will see the popular instant-asset write off extended.
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Young Australians will be pleased to learn they will likely benefit the most from changes to superannuation – if they notice.
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And finally, expected infrastructure spend has been finalised in good news for both metropolitan and regional areas.
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Shane White is Senior Production Editor at bluenotes.
You can read bluenotes’ full coverage of #Budget2018 HERE.
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.