Despite the positive announcements in tonight’s Federal Budget for Australian small business, it is not clear from the fine print that the government has delivered on a vision for Australia’s future. Alex Malley, chief executive, CPA Australia, said that “tonight’s budget lacks a real vision and commitment to the serious and overdue structural reforms that are desperately needed to secure Australia’s future
While the overall budget misses the mark, discover the positive initiatives that are worth highlighting.
2015 Federal Budget report
Federal Treasurer Mr Joe Hockey handed down his second budget on Tuesday 12 May, and in general, it is aimed at supporting small business and growing jobs with $5.5 billion including $5 billion of tax relief, supporting families with $4.4 billion funding boost, ensuring fairness of tax and benefits, national security and progressing budget repair in a measured way.