Federal Budget – 2015-2016 Brief

Federal Budget – 2015-2016 Brief

Welcome to the KSR edition of the Federal Budget overview.

The Federal Government handed down its second budget last night and in contrast to last year’s austerity measures, this budget has focussed on the government’s plan to strengthen the economy and to reduce the surplus deficit to $7bn by 2018-19. Joe Hockey was careful to place the emphasis on the budget being “responsible, fair and measured”. This is a clear turnaround from the message delivered in last year’s budget.

Key areas of the budget are: