Federal Budget: Big Ambitions, Mixed Results

About this episode

The episode discusses the implications of the Federal Budget on the Australian economy, including inflation, housing, and fiscal outlook.

The Federal Budget attempts to tackle everything from inflation and housing to long-term budget repair, but how much will it really change the outlook for the Australian economy? Host Mandy Drury speaks with CommBank Chief Economist Luke Yeaman and Head of Market Strategy & Rates Research Adam Donaldson about the key measures in this year’s Budget and whether the Government struck the right balance between spending, savings and reform. From the impact on inflation and interest rates to the long-term path for deficits, debt and Australia’s economic resilience, they unpack what the Budget means for households, businesses and the broader economy. Luke explains the major housing tax changes, including the end of negative gearing and reforms to capital gains tax, and what they could mean for home prices and affordability. Adam also discusses what the improved fiscal outlook means for Australia’s AAA credit rating, bond issuance and state budgets. Plus, CommBank’s Associate International Economist & Currency Strategist Samara Hammoud shares the key focuses for markets this week. Important Information This podcast is approved and distributed by Global…

People in this episode

Host: Mandy Drury

Guests: Luke Yeaman, Adam Donaldson

Topics covered

• Federal Budget
• Australian economy
• inflation
• housing
• tax changes
• economic resilience
• credit rating

Keywords

• Federal Budget
• inflation
• housing tax changes
• negative gearing
• capital gains tax
• economic resilience
• credit rating
• bond issuance
• state budgets

Mentioned in this episode

Organizations: CommBank, Commonwealth Bank of Australia

Places: Australia

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