What the Federal Budget means for our economy

I am sharing with you an insight into what the Federal Budget means for our economy.

The key points:

  • The budget this year is expected to return to a surplus of $4bn thanks to a continuing revenue windfall.
  • Key measures include cost-of-living support, more spending on aged care and a move to slow NDIS growth.
  • Implications for inflation and hence the RBA are minimal.
  • Despite savings measures structural budget deficits remain in the medium term as the revenue windfall fades.