Australia's conservative government on Tuesday proposed tax cuts for low an...
CANBERRA - Australia’s conservative government on Tuesday proposed tax cuts for low and middle-income earners and record spending on health and education while promising the first budget surplus in more than a decade, shaping its pitch for votes in an imminent election.
“It is the pre-election budget to end all pre-election budgets - it is extraordinarily generous,” said Paul Williams, professor of political science at Griffith University. The projected surpluses increase to A$11 billion in 2020/21 and A$17.8 billion in 2021/22 before easing to A$9.2 billion in 2022/23.
On Tuesday, Frydenberg also proposed changes in future years that would see income bands widened and tax rates reduced to deliver personal tax cuts. Anaemic wages growth has been a hot political issue and is being used as an election platform for Labor and its supporters to campaign on. The government would spend A$100 billion on infrastructure over the next decade to reduce congestion and improve links between Australia’s cities and regional towns, a lot of which has already been announced.Spending on rural infrastructure was forecast to rise by nearly 30 percent, with A$4.5 billion to go for building roads in rural areas, the major support base of the ruling coalition’s junior partner.
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