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- Australia budget: government announces $1 bln national housing infrastructure facility and tax breaks for first home buyers. Cpi inflation at 2 pct in 2017/18, 2.25 pct in 2018/19 and 2.5 pct through 2020/21. AUD/USD up from multi month lows
Australia budget: government announces $1 bln national housing infrastructure facility and tax breaks for first home buyers. Cpi inflation at 2 pct in 2017/18, 2.25 pct in 2018/19 and 2.5 pct through 2020/21. AUD/USD up from multi month lows
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Toughens multinational tax anti-avoidance law, introduces new tax measures to hit "black economy"
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New 6 bps levy on big banks' liabilities, effective july 1, to secure a$6.2 bln in savings
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Banks to face bigger fines, stringent punishment for breaching misconduct rules
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Government to introduce foreign worker levy to raise a$1.2 bln over 4 years
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Government to deliver a$75 billion in infrastructure funding over 10 years
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Sees gdp growth at 2.75 pct in 2017/18, 3 pct through 2020/21
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Unemployment rate at 5.75 pct in 2017/18, 5.5 pct in 2018/19, 2019/2020 and 5.25 pct in 2020/21
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2018/19 budget deficit at a$21.4 bln vs a$19.7 bln deficit seen in december
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