Predicting the 2023 Federal Budget Priorities
Bentleys SA
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Federal Treasurer Jim Chalmers will hand down his first fully-fledged Federal Budget on Tuesday 9th May 2023.?
The budget he delivered in October 2022 was an interim budget, designed to provide funding for the new Labor government’s policies on welfare, internet speeds, renewable energy, education, foreign aid and climate change.
Now that the government and Treasurer have had more time to reflect on their goals, and react to more recent developments, the question is will we see more of the same in the 2023 budget, or a change of focus?
1) The predicted expenditure focus
2) How expenditure increases are likely to be funded
3) Potential for deficit reduction
To stay informed, keep watching this space. The Bentleys SA team will be following closely and swiftly providing a comprehensive analysis of the Federal Budget. If you’d like to discuss what this Budget might mean for your business, don’t hesitate to contact us for a chat.
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