Federal Budget 2019-20
An election Budget and a Budget election
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Last night, Treasurer Josh Frydenberg handed down a Federal Budget which will double as a platform for the Coalition’s election promises. We expect that an election will be called shortly and Australians will go to the polls in May.
Despite some downside risks to the economy, increased tax collections and cost savings have resulted in an anticipated Budget surplus in 2019-20 of $7.1 billion with further surpluses anticipated over the medium term.