The Federal Government handed down its Budget for the 2018-19 financial year on Tuesday 8 May, which promises income tax relief for ordinary working Australians while supporting small-to-medium businesses and improving Australia’s essential services.
This is the third Budget delivered by Treasurer Scott Morrison and is likely to be the final Budget before the next federal election.
The Treasurer claims the budget measures will help to end Australia’s decade-long deficit and return a modest surplus of $2.2 billion by 2019–20.
The budget will have an impact on individuals and businesses. Find out more.