Just weeks out from a May election, there are plenty of winners and few who will be worse off under this budget.
WINNERS
Low to middle-income earners – The tax offset has been doubled to $1,080 per person earning between $48,000 and $90,000. The cash will flow to workers when they submit their tax return for the 2018-19 financial year.
Apprentices – A $525 million skills package is set to create 80,000 apprenticeships, who will each get a $2,000 payment.
Small businesses – The instant asset write-off has increased from $25,000 to $30,000 and will now be available to companies with a turnover of up to $50 million.
LOSERS
Refugees – Newly-arrived refugees will now wait 12 months before accessing unemployment services, saving $77 million over four years.
Potential migrants – The budget confirms the already announced reduction in annual migration cap from 190,000 to 160,000.
Read more here.
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