This year’s budget was announced with a backdrop of the largest rolling 12 month deficit in history and is possibly the last budget before next year’s Federal election.
Although much of the budget made it to the press before the official release, including news that the deficit to March 31st is around $30 billion less than Commonwealth Treasury officials thought it would be, there are still facts, figures, initiatives, and strategies that you should be aware of.
Byfields Wealth Management has summarised the important parts of this year’s budget, all in one publication for you.
For everyone, it seems a continuation of the current Government’s policy direction and a vast improvement on previously predicted budget bottom line, even with a conservative $US55/tonne iron ore price.
Byfields Federal Budget Report 2021
Disclaimer: This content provides general information only, current at the time of production. Any advice in it has been prepared without taking into account your personal circumstances. You should seek professional advice before acting on any material.
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