Federal Budget 2022
Will 2022 be a year of economic recovery?
As Australia navigates out of the pandemic, recent floods and growing inflationary pressure, all eyes will be on the Government's continued response.
When will the 2022 Federal Budget be held?
The Federal Budget will be delivered in Parliament by Treasurer Josh Frydenberg.
Usually the Budget speech is made on the first Tuesday in May, however with the upcoming Federal Election the Federal Budget will be delivered earlier, on Tuesday 29th March 2022.
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.
Day: Wednesday
Date: 30th MARCH 2022
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 2022-23 Australian Federal budget.
Commentators expect the Australian Federal Government to spend more and cut taxes, given the impending election.
What to expect
Experts believe the likely ‘big ticket’ items in the budget will continued 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.
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 upcoming election.
Sources:
https://treasury.gov.au/consultation/2022-23-pre-budget-submissions
https://treasury.gov.au/
https://www.westpac.com.au/federal-budget/
https://budget.gov.au/2021-22/content/overview.htm
https://treasury.gov.au/policy-topics/budget