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Federal Budget 2024/25
Read more: Federal Budget 2024/25The Federal Budget has been released, and for the current financial year, it is once again in surplus, albeit by a smaller margin than last year: $9.3 billion.This is better than the deficit which was forecast in last year’s budget. However, forecasts are showing four consecutive deficits beyond this financial year, which are estimated to push gross debt over $1 trillion in 2025-26. Many of the headline items have already been announced or leaked, so some are being heated back up to make us feel good. Notably, budgets are always framed around winners and losers, thanks to the media, and…
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2022/23 Federal Budget Review
Read more: 2022/23 Federal Budget ReviewThe final Federal budget before the imminent Federal election has been released. Given the proximity between these two events, the budget wasn’t expected to be overly frugal and there are goodies. There are one off payments and tax rebates coming to try and keep everyone happy. Some warranted, others debateable. It’s worth remembering we’ve had strong equity markets, record house price growth, record stimulus and the lowest interest rates the country has seen. There’s $250 billion sitting in household savings accounts and the unemployment rate is projected to fall below 4%. The idea that a large number of people in…
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2021 June Quarter Review
Read more: 2021 June Quarter ReviewEconomic Overview Attention turned to vaccinations and reopening economies in the second quarter of 2021, by the end of the quarter over 3 billion vaccine doses had been administered globally. There are now strong indicators of a robust and lengthy economic expansion ahead. Around the world there are now businesses desperate to hire new employees, millions of consumers with money burning holes in their pockets, and ongoing fiscal and monetary support from governments and central banks. In the US, the positive news around COVID was vaccinations. While President Biden had set a goal of 70% of all adults vaccinated by…
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More Home Care in Budget
Read more: More Home Care in BudgetHome Care remains the preferred option for many people, but the long wait has been a problem. A key measure in this year’s Budget is an extra 80,000 home care packages aimed at reducing the waiting time and helping more people age in their home for longer. If you want to talk about home care for yourself or a family member, or want to start planning ahead for your later life, call us on 02 6813 0977 to make an appointment. This article is for informational purposes only and the information contained is of a general nature and may…
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Good Budget News for Aged Care
Read more: Good Budget News for Aged CareThe good news is that $17.7 billion more funds will be injected into aged care and none of it will come from higher fees for clients. The Government is fully funding the increase. Two key measures to be excited about are an extra 80,000 home care packages to reduce down the waiting time and an extra $10 per day per resident paid to residential care providers to help improve the quality of living services, such as food, linen and nutrition. If you need help with navigating aged care for yourself or a family member, or want to start…
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