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    VIDEO: Grafa's budget special

    VIDEO: Grafa's budget special
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      This year?s budget is about helping Aussies with the high cost of living and getting people back into work.

      It?s a big spending budget, with our nation?s finances heading a further $78 billion into the red.

      To the winners and losers; Low to middle income earners get a one-off $420 ?cost of living tax offset?.

      The fuel excise tax will also be cut in half for the next 6 months.

      Pensioners and welfare recipients will receive a one-off $250 payment.

      There?s a $2.8 billion dollar pool for upskilling apprentices.

      Big spending on infrastructure - with $17.9 billion of priority road and rail infrastructure as part of the record $120 billion 10-year infrastructure investment pipeline.

      The safety of health and women is a priority of this budget, with more than 2 billion dollars allocated to spend on initiatives to support female wellbeing.

      There are some big losers in the budget;

      Universities missed out again.

      Travel was also left out, even as the countrys? international borders re-open to the world.

      And climate change was again a very notable absence, despite the disastrous floods still wreaking havoc on the east coast.

      Some economists say they are worried this big spending pre-election budget will only boost the already strong economy and add fuel to the raging inflation fire.

      Disclaimer

      Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

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      Grafa