Budget 2022

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Running Time: 7:54

Date: 01/05/2022

The government’s 2022 budget contained plenty of handouts thanks to the coming election and a strengthening economy after COVID. Although the situation for businesses is improving, there are warning signs ahead, according to Professor Neville Norman.

Neville says many small businesses with variable loans — most particularly those with loans tied to their mortgages — will experience cashflow issues due to interest rate hikes. And he says there is likely to be a “steady as she goes” approach to the national economy should the ALP come to power in the May election.