Federal Budget 2022 - Articles & Detailed Analysis
Billed as a Budget for families with a focus on relieving short-term cost of living pressures, Treasurer Josh Frydenberg’s fourth Budget also has one eye firmly on the federal election in May.
- A budget windfall has allowed both more spending and lower budget deficits, with the 2022-23 budget deficit expected to be $80bn (down from $99bn in December).
- Key measures include “cost of living” payments, a temporary cut to fuel excise, more spending on infrastructure & defence & more help for home buyers.
- Relying mainly on nominal economic growth to reduce the deficit & debt runs the risk that it could take a very long time to get debt back down to a reasonable level.
Please click link below for our Budget 2022 newsletter as well as articles we believe will be of interest to our clients.
Other Articles:
Detailed articles will be added over the coming weeks. Please check back or email us on info@fmfinancial.com.au if there is a specific area you would like details on.
- Topic | Federal budget | Australian Financial Review (afr.com)
- Federal budget 2022: Winners and Losers - ABC News