Markets to spurn pre-election federal budget

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Josh Frydenberg is at risk of delivering a budget that will be ignored by markets and overrun by growing economic headwinds

"This is all the more so given ingrained scepticism that the Coalition will be in position to deliver on its budget plans following the May election."

Mr de Garis said some fiscal stimulus, such as tax cuts or handouts, was "justified" given the slowdown. He added Labor under Mr Shorten may consider an even larger stimulus if it was to take office.On Tuesday, the Reserve Bank said the amount of tax being collected "had grown solidly in recent years" at a rate of two-to-one compared to income.

She said this was a drag on disposable income, giving both parties the imprimatur to promise further tax cuts in May. The government is expected to deliver extra tax cuts in the budget with the Commonwealth Bank estimating between $3 billion and $6 billion could be spent while still delivering a "respectable" surplus.

 

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Does anyone care .... call the election

Yep , forget about Coal Revenue , China it seems is up to something , Contracts with America to break the TradeWar , give Trump another Victory

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