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Top Budget News
Costello accepts finance industry job
Wednesday November 4 ABC
Former federal treasurer Peter Costello has taken a job as managing director and board member with financial firm BKK Partners....Read more...
Also Inside Finance News:
How The Budget Will Affect You
- Tax Cuts 2009: How much will you save?
- The Federal Government has delivered on its promise to provide income tax cuts this year and next. Read More...
- Federal Budget 2009: Read the full transcript
- Read the full official transcript of the 2009 Federal Budget, as delivered by Treasurer Wayne Swan. Read More...
- Key Initiatives: The Budget at a glance
- An easy-to-understand overview of the key initiatives delivered in the 2009 Federal Budget. Read More...
- The Winners and Losers: How the budget will affect you?
- Should you be celebrating or mourning this year's budget? Find out if you're a winner or a loser. Read More...
- Breaking it down: Here are your Budget essentials
- The Budget can seem quite complicated to understand. Here are the main points of the 2009 Budget, broken down by category. Read More...
Let's Talk About Budget
Farewell the Fabled Surplus
Love it or loathe it, this week's Federal Budget was not going to be good news for everyone. Donna Brond examines what it means for us all. Read More...
- Julia Lee: The Budget and Shares
- Michael Pascoe: Politics vs. Economics
- Steve Johnson: Budget points to tough decade for stockmarket
Big Winners
- First time home buyers grant extended for 6 months
- infrastructure - $22.3bn for roads, rails, ports & broadband
- Retirees - additional $32 pension a week
- Paid parental leave scheme
- Environment - $4.5bn clean energy initiative
- Small businesses - $2.7bn temporary tax break
- Carers - increase of $600 a year per person in care
Big Losers
- Private health insurance rebate will be reduced for higher income earners
- increased qualifying pension age to 67 by 2023
- Medicare levy surcharge increased
- Caps on superannuation concessions to be lowered from $50,000 to $25,000
- Unemployment peaking at 8.5% in 2011
- A $210 billion revenue loss over four years
Where is the Money Going?
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