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 Federal Budget 2012: what does it mean for you?- Federal Budget 2012: what does it mean for you?
- May 09, 2012
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Federal Treasurer Wayne Swan’s 2012 budget announcement has met expectations and predicted a budget surplus of $1.5 billion (0.1 per cent of GDP) for the 2012/2013 financial year, with further budgetary surpluses expected for the following four years.
Should the surplus be achieved, it will be the largest single-year recovery to the budget’s bottom line since 1952/53.
“This is a clever budget, but it is by no means a horror budget,” said Savanth Sebastian, Economist at CommSec.
“Although there will be little in the way of new spending in 2012/2013, the main winners from this year’s budget are low income families with school children, who will receive the SchoolKids Bonus. The government has also announced funding for a new Disability In...
- View more at: http://www.1888pressrelease.com/federal-budget-2012-what-does-it-mean-for-you-pr-395542.html
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