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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General

This week’s focus will clearly be on Tuesday night’s federal budget. With the budget expected to return to a surplus, this pre-election budget will likely prove to be a sweet one for voters. With receipts coming in faster than expected, the Government looks likely to bring forward some of last year’s budget-promised income tax cuts and announce some pretty attractive spending initiatives to win over voters. Pundits are betting that an election will be called next week for either the 4th or 11th May.

In reality though, will anything that is announced by the Coalition government be meaningful? After all, any changes announced could be quickly undone by the Labour party, which looks likely to win the upcoming election.

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Source: Rural Bank


Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879