Some groups will do better than others this year.
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Treasurer Josh Frydenberg is handing down this third federal budget. Picture: Sitthixay Ditthavong
WINNERS
Small businesses
- The government is extending its loan scheme for small businesses.
Older Australians
- Increased aged care spending will grow the number of home care packages by 80,000.
Parents
- The budget includes $1.7 billion for childcare, and the government will provide $1.6 billion for preschools.
Industry
- Gas infrastructure projects, oil refining and energy projects all receive government support.
LOSERS
Stranded Australians
- There's money for increased consular services helping vulnerable Australians overseas, but no funding to expand quarantine outside the Northern Territory.
Universities
- Despite small-phased programs for international students, the budget predicts the rate of arrivals will face constraints in the first half of 2022.
Younger Australians
- The number of young people looking for full-time work and who have been unemployed for more than a year grew by 54 per cent between March 2020 and 2021.
Tourism operators
- Tourism businesses will receive targeted support, but economists expect inbound international travel to remain low through to mid-2022.
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Doug Dingwall
Parliamentary bureau chief
Doug Dingwall is The Canberra Times' parliamentary bureau chief. He writes about government and federal politics, and has an interest in integrity, industrial relations and foreign affairs. Previously he worked at The Examiner in Launceston, where he won a Tasmanian Human Rights Award for his reporting. Contact him on doug.dingwall@canberratimes.com.au
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