2023/24 Budget Archives - SW Accountants & Advisors https://www.sw-au.com/tag/2023-24-budget/ Wed, 14 Jun 2023 04:07:08 +0000 en-AU hourly 1 https://www.sw-au.com/wp-content/uploads/2021/11/favicon.png 2023/24 Budget Archives - SW Accountants & Advisors https://www.sw-au.com/tag/2023-24-budget/ 32 32 VIC State Budget 2023/24 https://www.sw-au.com/insights/state-budget/vic-state-budget-2023-24/ https://www.sw-au.com/insights/state-budget/vic-state-budget-2023-24/#respond Wed, 24 May 2023 01:47:35 +0000 https://www.sw-au.com/?p=6490 The 2023/24 State Budget delivered by the Victorian Government seeks to repay COVID-19 debt through taxing big business and property investors. Temporary levies and job cuts are central to the 10-year fiscal repair plan which are set to impact business and employment. Key takeaways Larger businesses and landlords will have to pay additional taxes to […]

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]]> The 2023/24 State Budget delivered by the Victorian Government seeks to repay COVID-19 debt through taxing big business and property investors. Temporary levies and job cuts are central to the 10-year fiscal repair plan which are set to impact business and employment.

Key takeaways

  • Larger businesses and landlords will have to pay additional taxes to help the Government repay the COVID debt
  • The Government continues to invest in education and healthcare as this remains a key focus
  • Certain infrastructure projects have been paused such as the Melbourne Airport Link. However, the Government continues to invest in road upgrades and railway networks.

What does the State Budget mean for you?

Tax reform & changes

Property & infrastructure

Contributors

Ned Galloway

Blake Rogers

Eric Lay

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