TRU Wealth Advice

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Who are the budget winners and losers?

May 11, 2021

Paul Osborne
(Australian Associated Press)

 

WINNERS AND LOSERS IN THE 2021/22 BUDGET

WINNERS

Small Business – Incentives to innovate and grow

Taxpayers – Extended relief for low and middle income earners

Elderly – More home care packages and a radical overhaul of aged care system

Women – Steps towards better safety and respect in the workplace

People with mental health issues – Big focus on new types of services

 

LOSERS

Underemployed – Virtually no mention of underemployment as an issue

Recreation and culture sector – Drop in funding of 19 per cent in real terms over next four years

Sport sector – Drop in expenses of 42 per cent in real terms over four years

National parks – Drop in expenses of 19 per cent over four years

Rural assistance – To fall by 39 per cent in real terms over four years

Air transport – 75.6 per cent dip in expenses over four years