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The release of Australia's 2015-16 Federal Budget is an opportunity to address a number of important decisions which need to be made for Australia's future prosperity and to tackle our growing fiscal deficit.
The 2015-16 Budget is a pragmatic response to the fiscal challenges Australia is facing and balances some of the measures posed in last year’s Budget. It includes a number of measures designed to lift productivity and drive growth by encouraging workforce participation and supporting small business.
Key Budget insights include:
Whilst this Budget starts to move Australia in the right direction, more needs to be done to ensure the trajectory is sustainable and prevent a ballooning debt problem for the next generation.
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