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How your family will benefit from the Federal Budget

Josh Frydenberg budget committed to putting more money back in the pocket of Australian families.

Budget 2019
Πως επηρεάζει ο προϋπολογισμός της οικογένειες Source: Getty Images/Aleksandar Nakic

Tax breaks, mental health support for mums and an energy bill payment has been promised by the Treasurer Josh Frydenberg in the 2019 Federal Budget.

Everyone who earns between $18,200 and $126,000 in a year — more than 10 million Aussies — will receive some form of tax cut.

Most of the tax relief will flow to those earning between $48,001 and $90,000, who will get $1080 cash back in a lump sum after they file their July 1 tax return.

The government says it will increase school funding by 63 per cent over the next 10 years, from $19.9 billion in 2019 to $32.4 billion in 2029.

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1 min read

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By Stergos Kastelloriou

Source: SBS News




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