Byfields Newsletter Federal Budget 2019

Federal Budget Report 2019 | Byfields Wealth Management

With only a month to go until the Federal Election, it’s unsurprising that the Budget announcements on Tuesday centred on election-friendly promises such as tax cuts and increased funding to healthcare, aged care services and infrastructure, and featured a forecast return to surplus. Treasurer Josh Frydenberg's first Budget focuses on reducing the tax burden for the majority of working Australians, greater superannuation flexibility for retirees and a one-off energy relief payment for eligible income support recipients.

It is important to remember that the Budget announcements are still only proposals at this stage. Each of the proposals must be passed by Parliament before they’re legislated. 

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Federal Budget 2019

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