Budget 2017

 
 

The Liberal Government is making the right choices to ensure our nation’s remarkable economic growth story continues, so we can secure better days ahead for hard-working Australians in Pearce.

Federal Member for Pearce, Christian Porter, said that this Budget is guaranteeing services that Australians use and need. The Liberal Government is helping Pearce constituents by securing the essentials they rely on, by easing the cost of living pressures and with a plan for more and better jobs. 

“In this Budget the Liberal Government has guaranteed Medicare’s future with a dedicated fund that will only pay for Medicare and medicines. We are fully funding the NDIS as well as launching a fairer schools funding model that is needs-based, simple and transparent and delivering affordable, accessible childcare for Pearce families,” Mr Porter said. 

“The Liberal Government understands that the cost of living is a priority for many Australians, whether it is being able to afford a roof over your head, or pay for rising power prices.  And that’s why the 2017 Budget tackles these costs.

“Because we know that living within our means allows the government to secure essential services and reduce pressure on living costs, the Liberal Government continues to take responsible action to balance the budget.”

The 2017 Budget contains measures required for growth in the economy that secure more and better paid jobs.

“Our economic growth has been hard won and we have consistently outperformed the largest advanced economies in the world but we shouldn’t take our success for granted,” Mr Porter said.

“We are providing greater opportunities for the nearly 13,500 small businesses in Pearce by incentivising the State to cut red tape and by extending the instant asset write off for a further twelve months.

“These measures, in addition to the Liberal Government’s company tax cuts, will give small businesses in Pearce the chance to grow and create more jobs.”

Mr Porter said the Liberal Government is taking action to protect Australian jobs by abolishing 457 visas, introducing a foreign worker levy and creating the Skilling Australians Fund that will give priority to apprenticeships and traineeships in high-demand occupations.

“The new Skilling Australians Fund will ensure that Australians get the skills they need to meet the job requirements of today and tomorrow.

“This extra investment will help approximately 1,200 people in Pearce who are looking for a job or looking for more work.”

The 2017 Budget invests in building Australia with over $70 billion to transport infrastructure across the country to reduce congestion, revitalise our cities and grow our regions, using a combination of grant funding, loans and equity investments.

“The Liberal Government is investing $1.6 billion towards a $2.3 billion road and rail infrastructure package in Western Australia and will also provide $44.2 million toward regional road projects to improve regional road safety,” Mr Porter said.

“We announced that we will provide substantial funding towards the Yanchep rail line extension, subject to positive assessments of the business cases through Infrastructure Australia.

“Also included in the WA infrastructure package is a dual carriageway between Joondalup Drive and Flynn Drive on Wanneroo Road and a grade separated intersection at Wanneroo Road and Joondalup Drive.”

The Liberal Government will continue to ensure multinationals pay their fair share of tax. These reforms have already raised $2.9 billion in tax liabilities this financial year against a group of just seven large multinational companies, and are expected to raise more than $4 billion in total this financial year from large public groups and multinationals.

“We will also continue to focus on stopping people trying to game our welfare system by strengthening mutual obligation requirements for payments and cracking down on those seeking to get out of those obligations,” Mr Porter said.

“The Liberal Government is also making our financial system better for customers and taxpayers through greater competition, accountability and fairness. This will include a Banking Executive Accountability Regime; an investigation into financial system competition and a levy on large banks, securing $6.2 billion to support budget repair.”

The Liberal Government has made the right choices to secure better days ahead.

For further details on the 2017 Budget please visit http://www.budget.gov.au/2017-18/content/