Budget impact on Dubbo: Parkes MP Mark Coulton backs JobMaker, tax cuts, instant asset write-off

The $4 billion JobMaker scheme to be paid for a year at $200 a week for those aged under 30, and $100 a week for those aged 30 to 35 has been commended by Parkes MP Mark Coulton.

He listed the hiring credit, together with tax cuts for individuals, and instant asset write-offs for businesses as key measures for his electorate, and to bring Australia out of the worst recession in almost a century.

"The one that I'm particularly excited about is encouraging businesses and apprentices to take up those opportunities, because I personally believe that's been a gap over the past decade or so, or maybe even a bit more," he said.

"With the skills shortage we've got in our region, the idea that we can train our young people to take those opportunities rather than just rely on people coming from outside or overseas I think is a very good thing."

Businesses that hire welfare recipients aged 16 to 35 will receive the credit, in a move to support an estimated 450,000 jobs.

Mr Coulton said the Coalition had identified young people as a "vulnerable group", and put a focus on getting them into work.

He forecast the instant asset write-off was one of the policies that would have "the most effect", and pointed to take-up since it was first introduced at a $30,000 limit.

"This year we increased it to $150,000 and then we extended it out to the end of this year, and that's seen an enormous boost across the region," he said.

"From car dealers selling commercial vehicles to people selling hay-making equipment and tractors, to tradespeople buying welders and compressors and tools and things like that.

"We're seeing a lot of activity because of that policy and I think the fact that it's continuing on will really help stimulate that growth... I think that's going to be very well-received."

The big-spending budget will also provide a tax cut for more than 11 million Australians.

Mr Coulton acknowledged some people would save the relief, but said after a "double whammy" of years of drought and then the pandemic, others were likely to have purchases they had put on hold.

"So if they do get to keep a few more dollars of what they've earned, and these tax cuts are retrospective back to July 1, then I think they might see that as a bonus that they weren't expecting, and hopefully they'll go out and purchase some equipment, or put new tyres on the car or whatever, and all those sort of decisions ultimately help money roll around the community," he said.