Home / News / Frydenberg delivers blockbuster budget for investors

Frydenberg delivers blockbuster budget for investors


Dubbed the ‘Big Spending’ budget, Treasurer Josh Frydenberg delivered a 2021-22 budget that is aimed at providing further support to the economy and the post-pandemic recovery. The Government’s 2020 delivery sets the scene for an increase in spending intended to drive economic growth, create new jobs and reduce unemployment below 5%. Once reached, budget repair begins.

  • For now, the economy is likely to receive another sugar-hit in the form of a Low- and Middle-income earner tax offset ($1080), as the Government keeps its finger on the fiscal stimulus button and spends another $96 billion of its $104 billion gain. With rates at near-record lows, the idea is to spend so that the engine keeps humming. The best way to repair the budget is to spend, spend until you’re earning more than enough to repay your debt with ease.

    The purpose of this article is to identify ASX listed “Budget winners”; that is, stocks stand to benefit from the big-spending budget. Overall, the budget will provide a general boost to confidence and corporate earnings on the back of these stimulus measures, but the focus is squarely on energy, infrastructure, and healthcare. Winners from this budget highlighted by industry experts include:

    Print Article

    The bank of mom and dad taking tougher line on credit

    AMP research finds baby boomers reluctant to sacrifice their living standards to bankroll their offspring into housing. But they (happily) let them keep living at home and paying their bills.

    Tahn Sharpe | 5th Jun 2024 | More
    The naked truth about fake news and how to recognise it

    In an era of fake news, it’s getting more difficult to separate fact from fiction. Yet it’s imperative we do so because the consequences for being deceived can be enormous.

    Nicholas Way | 1st May 2024 | More
    Welcome to The Golden Times

    Retirees face challenges and opportunities. At The Golden Times, our ambition is to assist you navigate the former – especially financial – while revealing the new vista of opportunities a secure and dignified retirement can bring.

    Nicholas Way | 10th Apr 2024 | More