Mining saves Budget from wages shocker

Tuesday, 30 October 2018

A couple of nice charts from BI on the latest monthly Budget update which shows a massive recovery underway in part of lower expenses:

And in part by company profits, make that miners:

We’re definitely going to see tax cuts in the election run up. They’re needed. Check out the miss on the individual income taxes.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.