Credit Mok has repeatedly said that strong economic growth under the leadership of government could better serve Australians. (photo by Australian Financial Review)
Credit Mosuisse (Scott Morrison) government is considering cash payments to retirees and low-income families as a way to redeem voter support.
According to the Australian Financial Review, federal government sources said the government had ordered senior advisers to develop two one-time funding packages. The first option is to grant one-time grants to retirees and the second to families.
The Unionparty had previously proposed a A $144 billion cut in personal income tax over a six-year period for which legislation had been received, while the funding was targeted at those who could not benefit directly from the tax cuts. If the funding package is implemented, the government is expected to announce its budget on April 2. When announced, the grant, which will be released to voters as soon as possible before the May election, will not affect the government's commitment to a fiscal surplus in fiscal year 2019-2020, which will be completed on June 30.
It is understood that the government from December last year to early January this year started to consult on related funding. However, the move could raise questions about government's financial responsibility.
Asked about the matter, government did not deny that it was considering measures. Financial minister Fredenberg (Josh Frydenberg) said in a statement: "government will present its budget on April 2, 2019, based on our successful economic program. We have created more than 1.2 million jobs, cut taxes, and spent record amounts on health and education; the budget will also run a surplus without raising taxes. Instead, Labour has promised a new tax of A $200 billion, which will cut jobs and damage economic. "
Labour led the Unionparty by 54:46 in the bipartisan choice, according to a December Ipsos (Ipsos) survey.
In an informal campaign in Queensland recently, Labour leader Sheldon (Bill Shorten) said Labour could take better care of retirees than Unionparty. He points out that people are now trapped by weak salary growth and rising household spending.
Prime Minister credit Mosuisse has repeatedly mentioned that Unionparty has made economic good, so it is able to invest in government services and take care of the people.
In a mid-year budget update released in December, Credit Mosuisse government announced a $9.2 billion increase in individual income tax cuts, equivalent to a weekly tax cut of about A $6 for middle-income earners. However, the details of the income tax cuts-including who and how much they enjoy-are not yet publicly available.
Government will also introduce A $1.4 billion in spending measures, but details have not been released.
Labour shadow finance minister Bowen (Chris Bowen) has said the party's tax rebates for low-and middle-income people will improve for those earning one hundred and twenty five thousand or less a year.