We’ve just received a shamelessly political budget, promising more money back in everybody’s pocket. However it seems possible that much of the budget won’t get through the senate, for a variety of reasons. But what is evident is the government, and the opposition, are battling it out for the title of The Party of Lower Taxes. Perhaps there’s a federal election coming sooner than we think!
$140m for foreign film production over here
No change to Screen Producers 40% offset
$14.6m increase to SBS (though they lost $50m in the last 3 years)
More earning options for pensioners
Forcing tech giants to pay more tax
Australian Space Agency!
ABC funding cut by $84m!
Not a mention of arts and culture anywhere (receiving only 0.26% of budget!)
Tax breaks for the richest in society (including all federal politicians)
Further tax cuts for massive corporations
No new support for domestic film production
No changes to the annual R&D funding system for the creative industries