May Budget highs and lows – stretching that dollar further

There are some wins and losses for Queenslanders in the May Budget.

$50 million has been set aside for the Gold Coast Commonwealth Games. It will pay for around 2,000 Soldiers to be posted here in 2018 and also help Aussie athletes have their best possible lead-up.

But AOC Chief John Coates is disappointed Olympians didn’t get anything extra.


ARTICLE CONTINUES AFTER THIS ADVERTISEMENT


A rise in the Medicare levy of 0.5 per cent will be used to pay for the NDIS beyond 2019. Treasurer Scott Morrison was pushed on Channel Nine to rule out further increases.

The freeze on the Medicare rebate will also be gradually lifted.

Banks will be hit with a new levy to reduce debt.

The Budget also revealed some people on welfare will face random drug tests, and their payments quarantined if they test positive.

First-home buyers will be allowed to put money into their super funds, to help save for a house deposit.

The cost of rolling your own cigarettes will go up with tax on loose leaf tobacco and cigars to increase, bringing it into line with regular smokes.

But there’s nothing for Brisbane’s Cross River Rail.

It has however been listed on the $10 billion National Rail Program, meaning it’ll have to fight other projects for funding.

Shadow Treasurer Scott Emerson said the State should have no trouble.

WATCH:

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments