the Australian Budget

May 12, 2009 at 11:14 am (health, internet, politics) (, , , , , , )

So the budget has been handed down again and the two major immediate winners are pensioners and infrastructure.
Universities, Small Business and Parental leave also come out with a few positive outcomes but most of the policy is delayed or only short term.

In dot points
*single aged pensioners will get $32.49 more a fortnight $10 if a couple
*Universities will get a large amount of funding and also in 2013 the Federal government will fund 50,000 more university places
*Large investment in transport and broadband infrastructure
*Tax breaks for small business
*18 week taxable parental leave starts in jan 2011

The only real loss apart from the 57 billion dollar deficit is the loss of the 30% health insurance rebate being cut from those whom earn over 120 000 a year.


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