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HomeNewsLlew breaks down the budget

Llew breaks down the budget

While there are many big numbers in the 2021-22 Budget for big spending programs designed to achieve big outcomes, the test will be is what difference is made on the ground.

These are the thoughts of Federal Member for Wide Bay and Deputy Speaker of the House of Representatives Llew O’Brien, as he breaks down what the budget means for Wide Bay.

“The headline funding announcements sound impressive, but they must make a practical difference to achieve their stated outcomes,” Mr O’Brien said.

“I welcome the $17.7 billion record commitment for aged care, which includes an extra 80,000 new home care packages, but this funding boost must address the serious pressures the aged care sector faces.

“Funding for mental health and suicide prevention is also increased in the Budget with $2.3 billion to improve outcomes and access to services, and this must also mean that local services like headspace receive the funding they need to meet local demand.”

Around 49,100 taxpayers in Wide Bay will benefit from tax relief of up to $2,745 this year, from the extension of the low and middle income tax offset to 2021-22 and the decision to bring forward Stage 2 of the Government’s tax relief plan.

“This means more money for local households to assist with the cost of living, and it will also help generate economic activity to create jobs,” Mr O’Brien said.

“We’re also making childcare more affordable by increasing the child care subsidy for families with more than one child aged five and under, which will benefit around 250,000 families nationally by an average of $2,200 each year.”

The Morrison Government is doubling its commitment to the JobTrainer Fund to support a further 163,000 new training places to upskill job seekers and meet skills shortages. The Budget also funds more than 170,000 new apprenticeships and traineeships and 5,000 higher education short courses.

“An extended and expanded JobTrainer Fund will upskill job seekers and young people, which has supported 1,490 apprentices in Wide Bay. These new measures will lead to more opportunities for apprentices and trainees with expanded wage subsidies,” Mr O’Brien said.

“The Morrison Government is continuing tax incentives that will help around 19,500 businesses in Wide Bay to write off the full value of any eligible asset they purchase. This will help them to purchase new equipment, increasing their productivity and encouraging business owners to hire staff and expand production.

“Around 6,500 businesses in Wide Bay will be able to use the extended loss carry back measure to support cash flow and boost confidence.”

The Tablelands Road Bridge at Cooran and Wahpunga Lane Bridge at Kin Kin will be completed in 2021-22 with $1,240,949 allocated through the Bridges Renewal Program towards these projects.

Noosa Council will receive $1,580,692 the following allocations through the Local Roads and Community Infrastructure program in the 2020-21 financial year to spend on local priority projects.

“Cooroy Badminton Hall receives a final payment of $10,000 out of a total $20,000 Australian Government contribution towards its amenities block upgrade.

“The final stage of the Rufous Street Masterplan, the new Peregian Beach Community House, was allocated $1,517,500 out of a total Australian Government $2,550,179 contribution, and I’m pleased to see work is well underway on this fantastic facility for the Noosa community that is due to be finished in November this year.”

A $250 million extension of the Building Better Regions Fund will provide councils, community groups, sporting clubs and veterans service organisations in Wide Bay the opportunity to apply for funding for projects that improve local communities.

“A further round of the popular Stronger Communities Program will give not for profit and volunteer groups in Wide Bay funding to help them purchase equipment, build new facilities, or renovate existing buildings to create more opportunities for their members and the community.”

Mr O’Brien said the real test of the 2021-22 Budget will be in what impact it has on the ground for local families and businesses, creating jobs and delivering better services.

“There’s much to be done, and it’s important that people in Wide Bay benefit from the broader Budget measures,” Mr O’Brien said.

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