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The 2017-18 Australian Budget – pragmatism and fairness rule

By Elevate Financial Solutions on May 11, 2017 in Blog

Key points

  • The 2017-18 Budget has a welcome focus on housing affordability and infrastructure.
  • Subdued wages growth is keeping revenue collection down contributing to a slight deterioration in near term deficit projections (a deficit of $29.4bn for 2017-18) but a return to surplus is still projected for 2020-21.
  • This year’s Budget should be positive for confidence.
  • The impact on the RBA and the shares is likely minimal.