Insights
Federal Budget 2022-23: “targeted” cash misses the mark on true reform
Last year, we wondered why we have a Budget night anymore. Not much has changed. Budget surpluses remain off the agenda for the forecast period. With unemployment at record lows, the Budget has small measures aimed at keeping unemployment low by encouraging education and training. Small businesses are the main beneficiaries of incremental tax incentives and compliance or administration measures. Individuals and families benefit from well publicised cash splashes leaked before Budget night.