Australia treasurer promises fair budget that reins in debt

Scott Morrison says he has been listening to voters and reflecting on what he has heard.

"This is strangely a pre-election budget just after an election".

A super tax, new regulatory bodies, and big fines for new misconduct rules - it wasn't a great day at the office for the banks.

"On demand management, we will continue to prefer the scalpel to the chainsaw, to avoid a housing shock", Morrison said.

Morrison assured Australians today that the Federal Government were "optimistic" for better days going forward and vowed to focus on "principles of fairness, principles of opportunity and principles of security".

"I know this has put real pressure on Australians and on their families".

"I believe though that we are now moving towards the end of this hard period".

And the ultimate sign of getting the message is the abandoning of the so-called zombie measures - the cuts from the 2014 budget the senate refused to pass. This will cover nearly half of the "zombie" savings measures the Turnbull Government has been unable to get through the senate. Only Australia's five biggest banks will be hit with the new tax which will be on liabilities.

Tax revenue will rise by more than $20 billion but Mr Morrison said the only people paying increased tax rates from July 1 will be multinationals and major banks.

Teen's plea for free Wendy's nuggets sets retweet record
Last month, you couldn't open Twitter without someone in your feed retweeting Carter's dream into your line of sight. Wilkerson, who is from Reno, Nevada, told CNN last month he didn't think he would even get a million retweets.

The government has also asked Australia's competition watchdog to undertake an inquiry on residential mortgage pricing until June 30, 2018.

The government has announced a number of measures over the past year to protect consumers and boost transparency in the banking sector, including beefing up the corporate watchdog's powers.

Commonwealth Bank of Australia CEO Ian Narev during the House Economics Committee.

It forecasts a modest return to a budget surplus, of A$7.4 billion (£4.2 billion), by 2020-21.

The Government is keen to introduce a trial program restricting welfare recipients from buying booze, placing bets or withdrawing money.

The decision will hit the ACT's defence contractor market that has benefited from growing department spending on its services in recent years.

A 0.5 percentage point rise in the Medicare levy from mid-2019 will cost a worker on $80,000 about $400 extra a year to fund the national disability insurance scheme.

The opposition will support a levy on big five banks, which will raise $6.2 billion over four years for budget fix.

But in a bid to recover from Labor's campaign on Medicare, there will be a $10 billion "reinvestment" in health funding. The facility will be located at the South Australian Health and Medical Research Institute and will be used to help patients with cancer in the spinal column, skull, pelvis and tumours in infants and children.

Conrad Hilton arrested for alleged car theft in Los Angeles
She added that when officers arrived at the scene, Hilton was inside a Bentley that belonged to his ex-girlfriend's father. Hilton, the namesake great-grandson of the late hotel magnate, has a lengthy history of run-ins with authorities.

That amounts to $2.2 billion over the next four years.

"We've had a fights about funding for several years". "Taxpayers, including those who have never attended university, will still fund the majority of university fees and costs - around 54 per cent of the cost on average, as well as significantly subsidising the student loan scheme", he said.

As of December annual growth was 2.4 per cent.

States would only be able to draw on the fund once they delivered on their commitments to train new apprentices.

Daniel Cohen, co-founder of lobby group First Home Buyers Australia, said he disagreed with the view that subsidised savings accounts would only push up prices.

"Another example is the National Map, which allows us to better understand datasets for creating new businesses and applications". He introduced a First Home Super Savers Scheme - a salary sacrificing model allowing FHBs to deposit a portion of their income into their superannuation for the explicit goal of buying a home.

"This measure will not improve housing affordability one iota".

An inland rail linking Melbourne and Brisbane will get an $8.4 billion, with the project set to begin in the next financial year.

Western Sydney airport will get $5.3 billion over the next ten years.

Lonzo Ball, Big Baller Brand, Debut First Signature Shoe 'ZO2'
Get a pair of children's white Curry Two's because you can afford to do that as a joke when you're on the Big Baller budget. The website says there are no refunds or exchanges, a risky proposition for a shoe people can't try on before they order.

Share

Related News

  • This ridiculous catch by Kevin Pillar leaves Blue Jays, everyone else speechless

    This ridiculous catch by Kevin Pillar leaves Blue Jays, everyone else speechless

    Stroman escaped in the top of the fourth with another double-play grounder after Lindor and Encarnacion singled for the Indians . Diaz provides insurance while OF Michael Brantley recovers from a sprained right ankle sustained Sunday.

    Harvey suspended, Stanton hits 2 HRs, Marlins beat Mets 7-0

    He traveled a ton just to make it there in time for the game, arriving at about 8:45 am he said on the postgame. Ah, but let's go back to 2015, when Harvey missed a mandatory team workout before the start of the postseason.
    South Africa's ANC accuses judiciary of pandering to opposition

    South Africa's ANC accuses judiciary of pandering to opposition

    Mr Zuma has not mentioned the report publicly, but rather said his reshuffle was about promoting a younger generation of leaders. Kodwa's statement was much stronger than comments he made immediately after the ruling on Thursday.
  • Indians put Kluber on 10-day DL with back issue

    Kluber has had a shaky start to the 2017 season. "Whatever happened in spring training is in the past". "I just try to be myself". In the star slugger's first game since being sidelined, the Detroit Tigers weren't taking any chances with his health.
    Akhilesh should step down as SP chief: Aparna

    Akhilesh should step down as SP chief: Aparna

    Party sources said a Samajwadi Party split is imminent and there is a waiting game on as to who blinks first. Further hitting at the Congress he said, the grand old party had lodged various cases against him.
    Tony Parker undergoes surgery to fix  ruptured quadriceps tendon

    Tony Parker undergoes surgery to fix ruptured quadriceps tendon

    The Raptors have never won a playoff series when trailing 0-2 and are now a dismal 1-6 in game two's on the road. If Mills moves to the starting lineup, it is likely Manu Ginobili will serve as the primary backup.
  • Aric Almirola Captures First Talladega Superspeedway Win in Sparks Energy 300

    Aric Almirola Captures First Talladega Superspeedway Win in Sparks Energy 300

    The NASCAR Sprint Cup Series will speed in to Talladega , Alabama and the Talladega Superspeedway for this week's GEICO 500. Of course, that was at Daytona in the first race of the 2017 season, and it could charitably be called a wreck-fest.
    Suspect in officer's shooting found dead at motel

    Suspect in officer's shooting found dead at motel

    Robinson is believed to have died from a self-inflicted gunshot wound, but the medical examiner will make the final determination. Officers removed Delaney from the scene and rushed him to Massachusetts General Hospital where he underwent surgery.
    Nintendo Switch Actually Is Getting the Mario x Rabbids Crossover After All

    Nintendo Switch Actually Is Getting the Mario x Rabbids Crossover After All

    This would also be a great build for going online and getting started with competitive and multiplayer modes if you're a novice . If the Nintendo Switch's sales weren't impressive enough, then Mario Kart 8 Deluxe's success is sure to blow you away.
  • Kisner's eagle forces Monday playoff at Zurich Classic

    As Atkins finished on 17-under to finish three shots clear of the field, Gunn shot rounds of 71-71-71-74 to end on one-under. The two teams finished four shots ahead of runners-up Kelly Kraft and Kevin Tway in regulation at 27 under.
    Family of black teen killed by police demand prosecution

    Family of black teen killed by police demand prosecution

    The Edwards family told what happened next in a written statement released by Merritt Tuesday, before Oliver was sacked . That is when one officer shot at the vehicle, striking Jordan Edwards, who was in the passenger seat, in the head.
    Philip makes light of retirement decision

    Philip makes light of retirement decision

    While just hours after the official announcement was made he also joked about his advanced years at palace reception. They made state visits to Germany and Malta in 2015 but have not left Europe since their visit to Australia in 2011.