Federal Budget 2021
Will 2021 be a year of economic recovery?
As Australia navigates out of the pandemic and the recession, all eyes will be on the Government's continued response to the pressures on the economy.
When will the 2021 Federal Budget be held?
The Federal Budget will be delivered in Parliament by Treasurer Josh Frydenberg.
Usually the Budget speech is made on the second Tuesday in May, which would make it Tuesday 11 May, 2021.
Insights
Our Newcastle & Lake Macquarie Financial Planning Advisor, Matthew McCabe will summarise the key announcements and analyse what the Federal Budget could mean for you.
Matthew McCabe will discuss:
> the key proposals announced
> the types of people impacted by the changes
> how the changes may impact different strategies and opportunities
Places are limited, so book your place now.
Once you have registered you will receive a confirmation email containing information on how to join the webinar on the night.
Date: 12th May 2021
Time: 7pm
Location: Online
*Recording of the session will be emailed the day after the event.
What to expect from the Australian Federal Budget
A much stronger economic outlook for Australia is likely to see a sharp improvement in the fiscal position in the 2021-22 Australian Federal budget.
Commentators expect the Australian Federal Government to spend more and cut taxes, with the budget including new policy decisions worth around $A10 billion in 2021-22 and around $A40 billion over the four years from 2020-21.
What to expect
Experts believe the likely ‘big ticket’ items in the budget will be aged care and tax cuts. No doubt there will be targeted spending in other areas but the government will likely want to show a solidly improving fiscal position over the forward estimates.
The government has announced an aged-care package worth more than $A10 billion over the next four years.
All budgets are important, but the one being framed now will have a particular impact on the economy, the level of debt and the prospects for the Coalition in the next election.
Sources:
https://au.finance.yahoo.com/news/this-is-what-we-need-from-the-202122-federal-budget-225150350.html
https://bluenotes.anz.com/posts/2021/04/anz-research-federal-budget-preview-fiscal-policy?adobe_mc=MCMID%3D91931573662167745648708078606479228630%7CMCORGID%3D67A216D751E567B20A490D4C%2540AdobeOrg%7CTS%3D1619564400
https://www.theguardian.com/australia-news/2021/apr/27/five-ways-to-make-this-years-federal-budget-more-female-friendly
https://www.pwc.com.au/federal-budget
https://treasury.gov.au/policy-topics/budget
https://www.bt.com.au/personal/australian-federal-budget.html