02 May 2017
" Slightly higher deficits together with 'off-budget' spending will boost debt, which is not without cost."
David Plank, Head of Australian Economics at ANZ
Moreover, slightly higher deficits together with 'off-budget' capital spending will boost Government debt, which is not without cost.
The Government found money for infrastructure, removed $13 billion in 'zombie' policy measures and tinkered with housing affordability.
This has been partially funded by a $6.3 billion 'major-bank levy' and a $8.2 billion lift in the Medicare levy (of an extra 0.5 percentage points from July 2019).
Check out the infographic below to learn more.
David Plank is Head of Australian Economics at ANZ
You can read BlueNotes’ FULL COVERAGE of #Budget2017 HERE
The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.
02 May 2017
10 May 2017
10 May 2017