A lot of good social spending.
However the energy subsidy is a smoke and mirror exercise. All Governments have put higher taxes on energy forcing prices up for fuel and power, which in turn forces the prices for everything up creating inflationary pressures across the whole economy.
They then tax us further so they can look good by paying us a rebate, why not remove the additional taxes on energy that are in place and reduce inflationary costs pressure.
The current situation is will cause us to be uncompetitive in world market, cause higher higher prices for imports and be even more expensive inflationary.
They have been fortunate enough to this past year to have had higher than expected export earnings from mining.
When you look at the projections they are expecting that situation to reverse and for our debt to increase further.
That means that the interest on the debt is also increasing, and that which cannot go on, we must start paying down our debt, and otherwise Paul Keating’s view that we will become a banana Republic will come true.
There is nothing in the budget for tax breaks for singles, whether living independently (irrespective of age), or single parents.
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