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They will have an income tax windfall from all the pay increases...

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rona142

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14/07/23

17:32

Post #: 68795974
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Originally posted by willial ↑

Scott,
The budget predictions are that Commonwealth government spending is going from 24% plus of GDP this year to 25% plus next year under Labor.
Commodity prices for coal and iron ore tipped to fall so Labor can`t rely on these rivers to maintain the fortuitous budget surplus of this year.
Downhill with their budget from here despite windfall tax gains as inflation rampages.

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They will have an income tax windfall from all the pay increases being dished out both award, various enterprise agreements and beyond.

Stage 3 cuts on 1st of July 2024 onwards will reduce that a little but they are likely needed now due to bracket creep.
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