This year’s budget reflects the Federal Nationals commitment in government to make the right choices to ensure our nation’s remarkable economic growth story continues, so we can secure better days ahead for our region and our nation.
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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. We are helping hardworking Australians with a plan for more and better jobs, by securing the essentials they rely on and by easing cost of living pressures.
This year’s delivers significant opportunities for small business. We are providing funding to incentivise the State Government to cut red tape for small businesses and will extend the instant asset write off to small businesses for a further twelve months which is great news for our local small business.
We are investing over $70 billion in transport infrastructure across Australia including the continuation of the Roads to Recovery Program with $4.4 billion from 2013-14 to 2020-21 committed to the construction, repair and upgrade of local roads and $685 million committed from 2013-14 to 2020-21 to continue the Black Spot Program to deliver improvements such as safety barriers and street lighting to sections of dangerous road that have a crash history.
Local councils will also benefit from the resumption of indexation of Federal Financial Assistance Grants to councils, which results in an extra $836.5 million provided over the forward estimates.
A significant investment in a $10 billion transformational National Rail Program will also deliver rail projects across the nation that better connect our cities, regions and create new opportunities for housing, and grow the economy.
The Coalition Government is also investing $22.5 million for a third round of the Stronger Communities Program which helps fund small projects in local communities and we have established a $472 million Regional Growth Fund.