Hmmm... so not a whole lot in that when you take out the "budget surplus 3 years early" and "working families" etc.
So basically they showed the worse case scenario last year, then when it didnt get that bad they say "look how much better we did!"
Not really impressed by the budget. Everything is in a year or two (or five) with no real impacts over the short term and a return to budget from a growing economy and great terms of trade.
Some quick thoughts....
50% reduction for first $1,000 of savings interest? Best outcome is an extra $232.50.
Take resource tax, give to infrastructure fund is a good place to put it (although i dont approve of the tax).
Take GST and Smoker's tax and invest in health promises (which they havent delivered on yet... "Super GP's" ... hmmm)
I feel like the taxes keep coming on straight away, the tax breaks are phased in over 5 years, and the promises keep getting stacked up and not delivered on.
Anyone else see the speech? Any thoughts?
So basically they showed the worse case scenario last year, then when it didnt get that bad they say "look how much better we did!"
Not really impressed by the budget. Everything is in a year or two (or five) with no real impacts over the short term and a return to budget from a growing economy and great terms of trade.
Some quick thoughts....
50% reduction for first $1,000 of savings interest? Best outcome is an extra $232.50.
Take resource tax, give to infrastructure fund is a good place to put it (although i dont approve of the tax).
Take GST and Smoker's tax and invest in health promises (which they havent delivered on yet... "Super GP's" ... hmmm)
I feel like the taxes keep coming on straight away, the tax breaks are phased in over 5 years, and the promises keep getting stacked up and not delivered on.
Anyone else see the speech? Any thoughts?