AUSTRALIA’S ECONOMY – WHAT CAN GOVERNMENT DO TO STIMULATE?

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The topic of the Australian Economy is popular within the media right now. 

Over the past year, the Government has been relying on exports and government infrastructure spending to keep the economy chugging along.

Tax offsets and lower mortgage interest rates has created some stimulus however given the size of the economic slow down, it is obvious that fiscal stimulus is needed now. 

Regional areas are struggling due to drought, the proportion of renters has increased and the proportion of mortgagees has risen. 

There has been significant discussion about how the Government can stimulate Australia’s Economy with some suggestions as follows: 

  • Bring forward future tax cuts?

  • Increase business investment by giving more generous tax allowances for new investment?

  • Increase Newstart Allowance?

Please call our office to arrange a time to meet and further discuss the potential tax cuts or investment incentives presented in the market.

If we can’t be of any assistance, we may be able to direct you to the right source to support your plan.