The Morrison Government’s plan for a stronger future provides cost of living relief, creates more jobs, guarantees the essential services and keeps Australians safe, including in Barker.
Member for Barker Tony Pasin, said Australia’s economic recovery is leading the world.
“More Australians are in work than ever before and the unemployment rate is now forecast to reach 3.75 per cent in 2022, the lowest rate in close to 50 years.” Mr Pasin said.
Risks to the outlook remain, with the pandemic and the invasion of Ukraine all putting pressure on the cost of living for Australian households.
As part of the Budget 2022‑23, the Government is:
COST OF LIVING RELIEF
“The Government is introducing a new temporary, targeted and responsible cost of living package to take the pressure off household budgets.” Mr Pasin said.
“The Government is investing in measures to expand and upskill the workforce to secure the workers we need now and for the future.“ Mr Pasin said.
This will also help Australians into more highly skilled and better paying jobs.
BACKING SMALL BUSINESSES
Small businesses will have access to a new 20 per cent bonus deduction for eligible external training courses for upskilling employees.
The Skills and Training Boost will apply to expenditure incurred from Budget night until 30 June 2024, providing $550 million in tax relief.
The Government is also providing $1 billion for a new Technology Investment Boost to encourage small businesses to go digital.
Small businesses will be able to deduct a bonus 20 per cent of the cost of expenses and depreciating assets that support digital uptake.
Expenditure of up to $100,000 per year will be supported by this new measure, which applies from Budget night until 30 June 2023.
“A strong economy enables the Government to guarantee the essential services Australians rely on.” Mr Pasin said.
“Since coming to office, we have delivered record levels of funding for health, aged care, education and disability support.” Mr Pasin said.
The Government has allocated $6 billion for the COVID-19 Health response, which includes support for the Governments’ Winter Response Plan to prepare for the next wave of COVID‑19 and influenza.
The Government is also providing $8.7 million of direct payments to South Australia under the bilateral schedule to the National Mental Health and Suicide Prevention Agreement.
Mr Pasin said, “The Government is investing an unprecedented $37.9 billion in regional Australia and priority infrastructure across the nation to create jobs and unlock the economic potential in our regions.”
The Government has increased its 10‑year transport infrastructure pipeline to a record $120 billion with an additional $17.9 billion committed to road, rail and community infrastructure projects supporting around 40,000 jobs.
Including through its $8.9 billion National Water Grid Fund, the Government will provide a further $7.4 billion to improve Australia’s water security and open up new land for irrigation.
Mr Pasin said the Budget includes a new $1.3 billion telecommunications package to expand mobile coverage across 8,000km of regional transport routes.
“We are investing an additional $500 million in the Local Roads and Community Infrastructure (LRCI) Program, a major boost to communities across the country.” Mr Pasin said.
KEEPING AUSTRALIANS SAFE
We are living in a time of uncertainty.
The pandemic, the invasion of Ukraine and extreme weather events have and continue to cause enormous disruption.
To keep Australians safe the Government will:
Mr Pasin said the Budget delivers the next stage of the Government’s plan to build a strong economy and a stronger future.
Budget documents are available at www.budget.gov.au