Budget 2017: predictions and what's in

The Treasurer was unrepentant when speaking about the new tax, which he admits will be used for budget fix after he was forced to dump more than $13 billion of "zombie" savings measures from the 2014 federal budget that had failed to pass the parliament. "It is important to invest in infrastructure, but we have to make the right choices on projects as part of a broader economic".

Housing investors will have to pay more.

And in recognition of the pounding on health policy it received at the election previous year, it wants to legislate a Medicare Guarantee Bill with a Medicare Guaranteed Fund to cover all expenses of the scheme.

Michael Rowland said they will have a number of tax concessions granted to them under the new budget.

Treasurer Scott Morrison and Finance Minister Mathias Cormann with the Budget books in his office in Parliament House in Canberra.

The federal government is now on a collision course for a protracted battle with the "four pillars" of the nation's retail banking sector, along with Macquarie Bank, after Scott Morrison imposed a new "Major Bank Levy" that could wipe billions from their bottom lines.

Mets suspend Harvey for violating team rules; Wilk to start
NY also claimed lefty Tommy Milone off waivers from Milwaukee - he was 1-0 with one save and a 6.43 earned-run average. He then texted Mets pitching coach Dan Warthen to tell him he wasn't going to make it to the park.

The opposition will support a levy on big five banks, which will raise $6.2 billion over four years for budget fix.

"On demand management, we will continue to prefer the scalpel to the chainsaw, to avoid a housing shock", Morrison said.

In addition, bank executives will face tough penalities for misconduct under a Banking Executive Accountability Regime.

The four reported a combined half-yearly profit of A$15.2 billion, up 6.2 percent from a year ago, in the latest round of financial results, with their average return on equity at almost 14 percent - one of the best in the developed world.

The deficit was running $1.4 billion smaller after the first nine months of this financial year than predicted in December. The facility will be located at the South Australian Health and Medical Research Institute and will be used to help patients with cancer in the spinal column, skull, pelvis and tumours in infants and children.

The biggest hit to foreigners, who have been increasing the value and volume of property purchases, will be in the change to their capital gains made on property and their strategy of holding properties without occupying them.

Rivers start to drop, but flood crisis isn't over yet
He said there's no indication that the levee protecting the city has been compromised or breached in any way. It may take many weeks until flooded farmland is workable, but the weather may cooperate in the short term.

That amounts to $2.2 billion over the next four years.

"The Commonwealth will replace the National Affordable Housing Agreement that provides $1.3bn every year to the states and territories, with a new set of agreements, with the same funding, requiring the states to deliver on housing supply targets and reform their planning systems".

Daniel Cohen, co-founder of lobby group First Home Buyers Australia, said he disagreed with the view that subsidised savings accounts would only push up prices.

Mr Pearson expected if the market can stand it, the banks will find a way - as any company would - to pass on as much of their costs to customers.

"This measure will not improve housing affordability one iota".

Mr Morrison announced first home buyers would be able to put voluntary contributions into their superannuation of up to $30,000 in total to help them save a deposit 30 per cent faster.

Now, Baba Ramdev eyes 'fast food chain' to take on McDonald's, KFC
Yet, Ramdev thinks multinational companies (MNCs) like Unilever, Colgate, and Nestle are still not taking Patanjali seriously. Besides, the company is aspiring to further strengthen its presence and lead in most of the product categories.

Western Sydney airport will get $5.3 billion over the next ten years.

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