The budget attempts to have something for everyone, but those waiting for a strong signal about Australia’s response to climate change will again be disappointed.
The economic forecasts for real GDP and real wages contained with the Budget – especially in the out years – seem reliant on Australia lifting its relatively lax productivity performance.
The centrepiece of the Budget is the personal tax cuts – and it is welcome, given sluggish wage growth to see action for both lower and middle earners.
© 2019 KPMG, an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.