Posted on May 4th 2016
2016 Budget Update
First it was the debt and deficit budget, last year we were encouraged to ‘have a go’; Budget 2016 is all about ‘jobs and growth’. With a federal election due to be called as early as this week, Treasurer Scott Morrison has delivered a budget that aims to strike a balance between positive measures to stimulate economic activity and prudent measures to wind back superannuation tax concessions and tax avoidance by multinational corporations.
On the whole he has succeeded, but the people will have a chance to deliver their verdict at the ballot box as early as July 2.
As always, if you would like to discuss your financial plan in the light of any of the changes announced in the budget, don’t hesitate to call.
You can read our Federal Budget Snapshot below.