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2014/15 Federal Budget: What To Watch For

Federal Treasurer Joe Hockey will hand down his first federal budget this evening, with expected changes to the fuel excise, industry support programs and infrastructure spending. Several budget leaks have been forthcoming in recent weeks to soften the


Federal Treasurer Joe Hockey will hand down his first federal budget this evening, with expected changes to the fuel excise, industry support programs and infrastructure spending.

Several budget leaks have been forthcoming in recent weeks to soften the ‘blow’ of new or increased levies, and it now seems almost certain that former Prime Minister John Howard’s fuel excise freeze is about to end.

The 38.1 cents per litre excise on fuel is tipped to be indexed to inflation and to increase bi-annually as it did prior to 2001 (in a similar way to tobacco and alcohol).

An immediate three cents per litre rise to the pump price is expected, with some (or all) of the additional revenue funnelled into the federal government’s infrastructure program

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