Australia budget depicts Australia
Government
's
projected financial and operational goals in the following financial
year. Australia budget also exhibits the financial performance of the
Government of Australia.
Australia Budget primarily targets on productivity and participation
imperatives to maintain Australia's long-term prosperity. Australia
budget principally comprises items like personal
income
tax relief, additional investment in education sector, specifically in
higher education Endowment Fund and investment in child care assistance
services. Australia budget also stresses on providing additional funds
for transport and water infrastructure.
Australia Budget: Prominent Features
Some of prominent features of Australia budget includes:
- Personal income tax relief: One of the primary aims of
Australia budget is to provide personal tax relief (specifically for
lower income group) with an intention to make better work incentives.
- Supporting retirement savings: Australia budget also targets
to provide additional money into the superannuation accounts of lower
income group, with an intention to encourage superannuation savings.
- Investment in educational sector: One of the significant
objectives of Australia budget is to invest in Australia's educational
sector with an intention to assist universities and improve the quality
of teaching in schools.
- Child care assistance: Australian Government has also shown
keen interest in providing child care tax rebate as a direct payment
with an intention to assist more than 700,000 families.
- Transport and water infrastructure: Australia budget has also
allocated funds for the development of road and rail infrastructure.
The budget also aims to invest for the sustainability of Australia's
water supply.
For more information on Australia Budget you can browse through the following pages:
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