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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

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By Stergos Kastelloriou

Source: SBS News



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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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