In the latest budget of Federal Government for the financial year of 2018 – 19

In the latest budget of Federal Government for the financial year of 2018 – 19, government sticks to the plan of achieving a stronger economy. Despite a slide down of mining sector, the economy continues to remain stronger. Government successfully implement the policy plan of creating new job opportunities along with boosting investment (Robinson and Wang 2018). A stronger economy enables government to secure supply of essential goods and services for Australians. The budget plans to strengthen Australian economy so that people can reap the benefits of a stronger economy. This in turn helps to secure a modest growth rate. The last budget is a plan, which will offer a tax relief in order to encourage Australian through a higher return from their work effort. This will also encourage business to increase investment that will create new jobs. The main components of the budget are discussed below

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