南京夜网,南京桑拿网,南京桑拿论坛

Powered by Shoes28!

01 March
Comments Off on The federal budget at a glance

The federal budget at a glance

More money for schools.ECONOMY
Nanjing Night Net

Budget deficit of $18 billion, balanced by 2015/16 and in surplus by 2016/17

Economic growth of 2.75 per cent, unemployment of 5.75 per cent, inflation forecast at 2.25 per cent

Move to floating carbon price in July 2015, projected to be about $12 a tonne

TAXATION

Tax receipt write-downs of $17 billion in 2012/13 and $60 billion over the four years to 2015/16

Government to address loopholes in corporate tax system to save over $100 million in 2013/14 and $4.2 billion over four years

SPENDING

$9.8 billion in new school funding

$64.6 billion on health funding including $14.3 billion for disability care funded by Medicare levy increase of 0.5 per cent

$3.7 billion on “Living Longer. Living Better” aged care package

$1 billion plan for Australian jobs, with $500 million to create Industry Innovation Precincts

$24 billion for new road and rail infrastructure

$6.2 billion over five years for disaster relief

Defence spending increase to $113 billion over four years

Funding for centenary of Anzac including $25 million for veterans’ mental health services

Funding of $434.1 million over four years for the Royal Commission into Child Sexual Abuse

$75.3 million to reformed Australia Council to support the Arts

SAVINGS

Planned increase to family payments scrapped saving over $600 million.

Baby bonus abolished saving over $150 million.

Overseas development assistance target date deferred by a year to 2017/18

7¢ increase in a pack of 25 cigarettes

AAP

This story Administrator ready to work first appeared on Nanjing Night Net.

 
Comments are closed.