2018 Budget delivers for the Sunshine Coast on tax relief and infrastructure
60,697 low and middle income taxpayers in the southern and central Sunshine Coast will benefit from tax relief under the Federal Government’s 2018 Budget. Federal Member for Fisher Andrew Wallace has welcomed the Budget saying that it will continue to deliver the infrastructure and the stronger economy that the Sunshine Coast needs.
“In the last year the Turnbull Government’s strong economic plan has seen record jobs growth and hundreds more people on the Coast employed. This Budget builds on those achievements with the infrastructure investment and the essential services that the Coast has been calling for.” Mr Wallace said.
“Local residents tell me that their number one priority is delivering the Bruce Highway upgrades that we deserve. This year’s budget allocates an extra $880 million toward three-laning the highway all the way from the Coast to Brisbane to get local residents home sooner and safer. In total, in less than two years, we have now invested more than $3.4 billion in the Highway between the Sunshine Coast and Brisbane.” he said.
The Budget also included a commitment of $390 million toward the duplication of the North Coast rail between Beerburrum and Landsborough, as well as further upgrades between Landsborough and Nambour.
“We are kidding ourselves if we think that upgrading the Bruce Highway will solve all of our transport woes. After a lot of hard work from all of the strong LNP team here on the Coast, the Federal Government has recognised this and has come forward with a $390 million investment in the long-overdue rail upgrades our community needs. It is now time for the Queensland State Labor Government to step up and come to the party.” he said.
Low and middle income families on the Coast will also receive tax relief, reducing cost pressures on household budgets.
“The Budget will encourage and reward hard working Sunshine Coasters, with more than 60,000 local residents set to get up to $530 dollars back in their pockets every year. We all know that the cost of living is high, and we want to make sure that working those extra hours, or getting a hard earned pay rise won’t be eaten up in more tax” he said.
The 2018 Federal Budget will also support the 30,259 people living in the electorate of Fisher who are over the age of 65.
“I said in my Budget wishlist that I wanted to see more help for older Australians and I am happy to see that the Budget delivers for our seniors, with 14,000 extra home care packages being supported nationwide, and a new fund to help people in regional areas like ours to access care. Changes to the tax system will also allow older people in Fisher to earn extra money from part time work or start a business if they want to without affecting their Age pension.”
The Budget forecasts a return to modest budget balance in 2019-20, increasing to a projected surplus of $11 billion in 2020-21.
“We are delivering the infrastructure that the Sunshine Coast needs, while ensuring the Government lives within its means. I am proud be part of a Government that for the first time in a decade is no longer borrowing money to pay for its every day expenses.”
More information on the 2018 Federal Budget can be found at www.budget.liberal.org.au