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Mixed Reactions to Australia’s Federal Budget 2016

AAP

Source: AAP

The government believes it is setting out to ensure that our children and grandchildren have the opportunities they deserve in the future


 

The nation's engaged in a 'budget battle' following the release of the federal government's budget.

It's offering tax cuts to small and medium businesses and a modest income tax break for 500,000 middle-income Australians to bolster the Coalition's election hopes and drive the economy.

But it's sparked mixed reactions from all sides of politics.

Prime Minister Malcolm Turnbull says it's a budget that backs Australian enterprises, ensures the tax system is sustainable and brings the budget back to balance.

At the centre of the budget, a six point plan the government maintains will help the economy transition from the mining investment boom to a broader income base.

Treasurer Scott Morrison says it includes innovation and science programs, export trade deals, tax cuts and incentives, a sustainable budget and guaranteed funding for sectors including health and education.

Mr Morrison says each of the six components include targeted, affordable action.

But the federal Opposition's accusing Malcolm Turnbull of being out of touch with average Australian families.

Opposition Leader Bill Shorten told the ABC, it's a budget which favours the millionaires over the battlers.

 


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