Biggest winners and losers revealed in federal budget

BUDGET WINNERS AND LOSERS

WINNERS

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

LOSERS

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

 

Aaron Sheldrick
(Australian Associated Press)

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