The 2020 budget's winners and losers. Picture: Shutterstock
Some groups have done better than others this year.
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WINNERS
Businesses
- Major reforms for asset write off and the new JobMaker program to subsidise wages.
Pensioners
- Aged pensioners and some welfare recipients will receive two payments of $250, in December and March. There will also be a change to the deeming rate which will translate to a higher government payment.
Mental health
- The number of Medicare rebated psychology sessions have been doubled from 10 to 20.
The regions
- A $550 million package for regional Australia will be aimed at boosting tourism and the agriculture workforce. More than $300 million will go towards helping exporters get Australian goods overseas.
- READ MORE: Tax cuts brought forward, $500 cash payments, JobMaker scheme revealed in budget
LOSERS
The unemployed
- There was no permanent increase to the JobSeeker payment, despite ferocious advocacy from social service groups.
Super funds
- Underperforming superannuation funds will now be forced to notify members of poor performance.
Parents
- No new spending was announced to assist parents with getting young children into childcare.
Universities
- Despite a $1 billion boost to research, no measures to rescue the struggling sector were announced.
