The 2019 Federal Australian Budget is being presented a month earlier than usual in Australia due to the upcoming election in May.
It comes at a time when the incumbent ruling Liberal Party is self-imploding after changing leaders, internal bickering and senior Ministers resignations.
This year's budget is expected to announce major improvements in Australia’s financial position, including the long awaited return to surplus. This highlights the full madness of the current Australian political landscape, that great economic outcomes stand hand in hand with political instability.
All of this while the expected slowdown of Sydney property prices and fallout banking royal commission make for a nervous time for the Australian electorate.
Prime Minister and former Treasurer, Scott Morrison, is betting on the strength and generosity of the 2019 Budget to create an opportunity to lead his party to victory. We can expect a real Election Budget with personal tax cuts, generous boosts to services, significant infrastructure spending and a promised return to strong underlying surpluses.
There is a real sense that the opposition lead by Bill Shorten should easily win the next election and they have also been making many promises and spending commitments. Given the opposition’s strong position in the current polls, for the first time in our Budget seminar series, we will be waiting for the Oppositions Budget response and will include this as part of our presentation.
Australia remains at a political crossroads with the 2019 Budget and Election being of great importance in setting the financial and social agenda of Australia for the next decade.
Watch the seminar above to discover:
|What new initiatives are announced in the 2019 Budget;|
|All the important changes to the taxation system;|
|The impact the Budget may have on the upcoming Election;|
|What major changes may occur if the Labor Party potentially wins the election in May;|
|The impact of any changes to Australian property investors and expatriates;|
|How the Australian property markets may react; and|
|Changes to Australian lending conditions.|
All information provided at this seminar is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. The information at this seminar does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.