Results 1 to 5 of 5

Thread: Australian Budget Released

  1. #1
    The Black Senior Member Papewaio's Avatar
    Join Date
    Sep 2001
    Location
    Sydney, Australia
    Posts
    15,677

    Default Australian Budget Released

    THE Government is in robust economic shape, with Treasurer Peter Costello forecasting a bumper $10.8 billion surplus for 2006-07 and a pick up in economic growth.

    The Government is set to achieve a whopping Budget surplus of $14.8 billion in 2005-06, boosting by surging profits on mining companies.
    The Government has forecast the economy will grow 3.25 per cent in 2006-07 and 3.5 per cent in 2007-08, up from 2.5 per cent in 2005-06, benefiting from the strong global growth.

    Treasurer Peter Costello forecasts inflation will fall to 2.75 per cent in 2006-07, down from 3 per cent in 2005-06.
    SOME winners and losers from the 2006-07 federal Budget:

    WINNERS
    Taxpayers – personal income tax cuts worth $36.7 billion over four years.
    Over 60s – no tax on super benefits paid from a taxed superannuation fund.
    Families – family tax benefit rises.
    Parents at work – up to an extra 25,000 childcare places by 2009.
    Pensioners and carers – cash bonuses.
    Business and small business – tax cuts.
    Motorists – upgraded highways.
    Murray River – extra $500 million to restore its health.
    LOSERS
    Corporate cheats – more money for the investment watchdog.
    Illegal foreign fishermen – targets of new funding.
    Our enemies – more money on defence and spies.
    Party drug users – subjects of a new campaign.
    Telemarketers – funding for a new "do not call" register.
    New Tax Thresholds

    Interesting budget which should mean I pay less on my overtime for starters. It is missing a few points on vision and how to handle long term infrastructure challenges... not enough investment in growing the infrastructure both physical and intellectual, also although changes simplified superannuation it seems the press is buzzing like flies about how bad having a lump sum is going to be... the fear being that the whole point of superannuation is to be a private pension... if the pensioner gets a lump sum and blows it and then goes on public pension it stuffs the whole primay idea.
    Our genes maybe in the basement but it does not stop us chosing our point of view from the top.
    Quote Originally Posted by Louis VI the Fat
    Pape for global overlord!!
    Quote Originally Posted by English assassin
    Squid sources report that scientists taste "sort of like chicken"
    Quote Originally Posted by frogbeastegg View Post
    The rest is either as average as advertised or, in the case of the missionary, disappointing.

  2. #2
    TexMec Senior Member Louis VI the Fat's Avatar
    Join Date
    Apr 2004
    Location
    Saint Antoine
    Posts
    9,935

    Default Re : Australian Budget Released

    Quote Originally Posted by Papewaio
    WINNERS
    Taxpayers – personal income tax cuts worth $36.7 billion over four years.
    Over 60s – no tax on super benefits paid from a taxed superannuation fund.
    Families – family tax benefit rises.
    Parents at work – up to an extra 25,000 childcare places by 2009.
    Pensioners and carers – cash bonuses.
    Business and small business – tax cuts.
    Motorists – upgraded highways.
    Murray River – extra $500 million to restore its health.
    LOSERS
    Corporate cheats – more money for the investment watchdog.
    Illegal foreign fishermen – targets of new funding.
    Our enemies – more money on defence and spies.
    Party drug users – subjects of a new campaign.
    Telemarketers – funding for a new "do not call" register.
    And then you rub it in by complaining about your budget missing a few points on infrastructure.

    The lucky country indeed.
    Anything unrelated to elephants is irrelephant
    Texan by birth, woodpecker by the grace of God
    I would be the voice of your conscience if you had one - Brenus
    Bt why woulf we uy lsn'y Staraft - Fragony
    Not everything
    blue and underlined is a link


  3. #3
    Enlightened Despot Member Vladimir's Avatar
    Join Date
    Aug 2005
    Location
    In ur nun, causing a bloody schism!
    Posts
    7,906

    Default Re: Re : Australian Budget Released

    Quote Originally Posted by Louis VI the Fat
    And then you rub it in by complaining about your budget missing a few points on infrastructure.

    The lucky country indeed.
    Silly Louis, infastructure points can't vote.


    Reinvent the British and you get a global finance center, edible food and better service. Reinvent the French and you may just get more Germans.
    Quote Originally Posted by Evil_Maniac From Mars
    How do you motivate your employees? Waterboarding, of course.
    Ik hou van ferme grieten en dikke pinten
    Down with dried flowers!
    Spoiler Alert, click show to read: 



  4. #4
    Yesdachi swallowed by Jaguar! Member yesdachi's Avatar
    Join Date
    Jul 2005
    Location
    LA, CA, USA
    Posts
    2,454

    Default Re: Australian Budget Released

    We use to have a budget surplus. Humm where did that go… Oh yah, we blew it by giving a bunch of ungrateful people their freedom.

    Feeling a little sarcastic today.
    Peace in Europe will never stay, because I play Medieval II Total War every day. ~YesDachi

  5. #5
    German Enthusiast Member Alexanderofmacedon's Avatar
    Join Date
    Aug 2005
    Location
    Where Columbus condemned the natives
    Posts
    3,124

    Default Re: Australian Budget Released

    I like the last one. I hate telemarketers...


Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO