NTEU Response - 2019 Federal Budget

As anticipated in the NTEU’s pre-Budget posting the government did not use its improved Budget bottom line to reverse the freeze on university funding or restore demand driven funding, let alone deliver a significant boost to public investment in higher education.  Instead the government used its improved Budget bottom line (due to better than expected iron ore and coal prices and a big under spend in the NDIS) to double the size of immediate tax offsets for people earning between $40,000 and $126,000 and lowering personal income tax rates which will cost the budget an estimated $20billion in revenue over the four-year forward estimates and some $158billion over ten years. More...