The details of the 2014 Budget have been covered through various media and there is no value to be added by going line-by-line through each initiative. Almost everybody has already calculated which initiatives will impact them and when. Instead, we feel there is greater value looking at what the budget is likely to do to economic growth prospects, interest rates, the Australian dollar and company profits in general.
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On the eve of the 2014 Federal Budget the key messages are at last starting to be articulated starting to counter the confidence-sapping collection of leaks of what may apparently be in the budget. At the weekend, Treasurer, Joe Hockey, at last started to highlight the key themes likely to run through Tuesday’s budget – arresting a long-term gap in growth of government spending over government revenues and a nearer term big boost to building infrastructure spending to grow employment as a sharp decline in mining investment works to crimp growth and potentially push the unemployment rate up. If the budget looks like achieving both of these themes it may be grudgingly applauded in sharp contrast to the almost universal criticism of the leaked measures to date.
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