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Showing posts from May 10, 2017

2017 Budget Has Been Announced

The budget for the near future has been announced by Liberal party treasurer Scott Morrison with some surprise inclusions. The most shocking being the new levy on the big banks. The new levy is expected to earn the government billions of dollars that will go towards repairing the budget. Understandably, the banks are outraged but it looks like there is little they can do about it. The most likely outcome will be the banks somehow passing on this levy to customers regardless of the amount of warnings the government issues. The second surprise was the increase in the medicare levy resulting in most Australians pays hundreds of dollars more every year. This move will stop the medicare freeze and result in more people paying less out of their pockets for doctors visits.