The 2014 budget has been run and won. Andresen McCarthy Partners does see the 2014 budget as economically sensible. The major budget items include:

  • A temporary 2% levy imposed on individuals’ who have taxable income over $180,000. This should be removed in 3 years time
  • Change in the Company Tax Rate to 28.5% starting from 1 July 2015
  • Drug prescriptions to cost an extra $5
  • $7 extra for visits to the doctors
  • $50 billion in infrastructure spending. Road Infrastructure to be supported by the reintroduction of the fuel excise indexation
  • $20 billion in a Medical Research Fund
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