Labor government to focus on increasing ‘productivity’ in federal budget

Posted 2 hours ago by

Sky News Australia

The Labor government will be focusing on increasing productivity in the federal budget as it attempts to manage global economic turmoil. Treasurer Jim Chalmers is paving the way for tax hikes on housing investments and trusts ahead of the May budget. He is expected to announce a $20,000 instant tax write-off, which will be permanent for small businesses in the upcoming budget, as reported by the Herald Sun.