There's been a mixed reaction to Treasurer Josh Frydenberg’s first federal budget.
Declaring Australia is “back in the black”, Mr Frydenberg was keen to emphasise the budget had been brought back into surplus for the first time in 12 years without increasing taxes.
The government is projecting a $7.1 billion surplus for 2019-20 and promising to pay off net debt by 2030.
The budget is packed with pre-federal election sweeteners.
Treasurer Josh Frydenberg has more than doubled the Coalition’s tax reform package in a pre-election budget. He has set up a contest with Labor on tax policy, announcing $158 billion in additional tax cuts.
Among the biggest beneficiaries are apprentices, small businesses, commuters and those in regional areas.
However, there's been a mixed reaction to Treasurer Josh Frydenberg’s first federal budget as some economists are skeptical about the figures presented in the budget.
SBS Korean Program conducted an interview with Bonsoo Koo, a Senior Lecturer at the Department of Econometrics and Business Statistics at Monash University about the budget.
Dr Koo received his PhD from the London School of Economics and Political Science. His research interests are: Financial Econometrics, Econometric Theory, Finance, Superannuation
[The full interview with Dr. Bonsoo Koo is available on the podcast above]
