ACT raises tax haul 10pc to stay in black

Original article by
The Australian – Page: 7 : 6-Jun-18

The Australian Capital Territory Government’s June 2018 Budget includes a surplus of $A36.4m for 2017-18, while net debt is forecast to top $A2.1bn in 2018-19. The Budget also features total expenditure of $A5.8bn, with health and education to be allocated $A1.7bn and $A1.3bn respectively. Tax revenue will increase by 10 per cent in 2018-19, due primarily to measures such as a 15 per cent "point of consumption" gambling levy and an increase in property rates. The government will also scrap the first-home owners’ grant.

CORPORATES
AUSTRALIAN CAPITAL TERRITORY. DEPT OF THE CHIEF MINISTER, NATIONAL GALLERY OF AUSTRALIA

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