Federal Budget Wrap
pepperadmin2017-07-27T02:28:10+10:00-- By: Matt Carter Last night, the federal budget for 2017-18 was handed down by Scott Morrison. The deficit is projected at $29.4 billion for the coming year, but the treasurer has promised surplus of over $7 billion by 2020-21. Key takeaways include a $75 billion investment in national infrastructure projects, including the long-awaited second Sydney airport and funding for new rail and roads, particularly in Victoria and Western Australia. A six basis point levy on Australia’s five largest banks was also announced, which will raise over $6 billion over the budget and forward estimates. This levy, on items [...]