Federal Budget 2021-22

2021-22 Federal Budget roundup As the COVID economic landscape continues to take shape, Australian Federal Treasurer Josh Frydenberg has handed down the 2021-22 Federal Budget. Among the proposed changes, he announced continuing tax relief for lower earners, help for older Australians to save for retirement and more assistance for first home buyers. Read on for a round-up of the proposals, and a look at how they might affect your household expenses and financial future. Remember, at the moment these are just …

The 2021-22 Australian Budget – spending the growth windfall to further grow the economy towards full employment | AMP Capital

The 2021-22 Australian Budget – spending the growth windfall to further grow the economy towards full employment Key points The Government now expects the Federal budget deficit to peak at $161bn this financial year (down from $214bn in October’s Budget) and fall to $107bn in 2021-22. The windfall to the budget from stronger growth is being spent on extra stimulus. Return to budget surplus looks more than a decade away. Key measures include more spending …

APR 21 – Federal Budget & global markets update | AMP Capital

ECONOMICS & MARKETS APR 21 – Federal Budget & global markets update   After a historical Federal Budget spending spree in 2020, what impact will the 2021 Budget have on the recovery? In this webinar Shane Oliver, Chief Economist & Head of Investment Strategy will give an update on the 2021 Budget:   12 May, 2021 By Dr Shane Oliver Head of Investment Strategy and Economics and Chief Economist, AMP Capital Sydney, Australia Important information While every …

Changing money habits for good | Money & Life

  Changing money habits for good Is sticking to a budget the money magic wand that can sort out your finances, once and for all? Discover what budgeting can and can’t do for you and how to turn new budget habits into positive lifestyle changes. What’s a budget for? Knowing how to budget is one thing. But what is the real point of a budget and how can it actually help you change your behaviour and get …

Creating a flexi-budget for 2021

Creating a flexi-budget for 2021 Learning how to budget is the first step on the road to financial security, and later, financial freedom. So if you struggle to stick to a budget, it’s worth trying a different approach. By building more flexibility into your plans, you’ll master your budget in no time. If 2020 has taught us anything about money, it’s the importance of financial security. With four-in-10 Aussies losing income due to the COVID-19 pandemic, many …

The Australian Government’s Mid-Year Economic and Fiscal Outlook – peak deficit has likely been seen

The Australian Government’s Mid-Year Economic and Fiscal Outlook – peak deficit has likely been seen Key points Reflecting the faster than expected Australian economic recovery, the Federal Government has upgraded its growth forecasts and downgraded its unemployment expectations. This in turn, along with higher than expected revenue from higher iron ore prices, has seen the expected budget deficit for this financial year revised down slightly to $198bn from $214bn. We have probably now seen the …

Five areas set to benefit from this year’s Federal Budget

Five areas set to benefit from this year’s Federal Budget This year’s Budget saw a big bag of measures announced to get growth accelerating in the Australian economy. Some people and sectors will feel its impacts more than others. Most groups in the Australian community look likely to benefit from this year’s Federal Budget in some way, assuming the measures are enacted (remember, the Budget is not legislation). You can read our detailed analysis of …

Oliver’s Insights: Federal Budget 2020-21 overview

Oliver’s Insights: Federal Budget 2020-21 overview The 2020-21 Australian Budget – spend, spend, spend as the focus remains on recovery and jobs, jobs, jobs Key points The Government now expects the Federal budget deficit to peak at a record $213.7bn this financial year. That’s around 11% of GDP, its highest since the end of WW2. The risk is the deficit will be worse at around $230bn. Key measures include earlier tax cuts, massive tax breaks …

OCT 20 – The impact of the 2020 federal budget on markets and the economy

ECONOMICS & MARKETS OCT 20 – The impact of the 2020 federal budget on markets and the economy This year’s federal budget is one for the ages, as the Australian government plots the path to post-COVID recovery. Our senior economist, Diana Mousina, and co-portfolio manager, Dermot Ryan, talk through its key features and impacts for markets and the economy. Diana and Dermot will also be available to take your questions. By Diana Mousina Economist – Investment …

Federal Budget 2020-21 round-up

Federal Budget 2020-21 round-up Find out how the measures announced in last night’s Federal Budget could affect you. So, was it worth the wait? After the most tumultuous year in living memory, Federal Treasurer Josh Frydenberg has finally handed down his much-anticipated 2020-21 Federal Budget. Among the proposed changes, he announced income tax savings and superannuation reforms. Read on for a round-up of the proposals, and a look at how they might affect your household expenses …