Biggest winners and losers revealed in federal budget

BUDGET WINNERS AND LOSERS

WINNERS

• Lower income households – more energy bill assistance on the way
• Small businesses – energy bill rebates and extension of asset write offs
• Renewable and other energy companies – tax breaks and other incentives for investment
• Renters – second year of increases in Commonwealth Rent Assistance

LOSERS

• Jobseeker and youth allowance recipients – no across the board increase despite recommendations
• Foreign companies and residents – more funds to address tax avoidance and strengthening capital gains regime
• Environment – no major disbursements to address damage such as reef bleaching, species extinction
• Regional healthcare – focus on regional infrastructure leaves communities in the bush disappointed

 

Aaron Sheldrick
(Australian Associated Press)