The Women s Budget Statement promises $3.4 billion to address inequality. Women s advocates see a really significant missed opportunity . David Adams
Gender equality advocates have welcomed the $3.4 billion in Federal Budget funding for women s economic and personal security, but say the measures should go further.
The Women s Budget Statement promises to expand childcare subsidies, superannuation, and housing guarantees, with the goal of increasing government support for Australian women.
But at just 1% of the Federal Budget s $589 billion in spending measures, some rue a really significant missed opportunity to address systemic inequality.
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Gender equality advocates say new measures included in the $3.4 billion Women s Budget Statement are a welcome start, but radically underestimate the structural issues hindering the economic and personal security of Australian women.
May 11, 2021
The Treasurer Josh Frydenberg will deliver his third federal budget tonight in Parliament, and his second budget in just six months.
And while the Morrison government has made a few sure announcements about what the budget will include, it has left a lot open for discussion.
Here’s a list of what we’re expecting will be addressed in tonight’s highly anticipated budget.
Extension to low and middle income tax offset
Pre-budget reports suggest the government will extend a temporary tax cut for low and middle income earners for another 12 months, as part of a plan to maintain confidence in the economy.
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But the thing standing in the 53-year-old’s way is her superannuation balance.
“It s really scary,” she says. “Looking at the balance that I will have at age 60, there is no way I can reasonably retire, or partially retire, and do that comfortably and have any semblance of a lifestyle.”
The Melbourne resident has been working since she finished high school 36 years ago. But she has no idea how she’s going to support herself in retirement.
Debbie Gunn, 53, says she won t have enough superannuation to retire when she reaches 60.
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“I m not talking about luxury lifestyles - you know, holidays overseas several times a year - I m talking about the difference between putting food on the table and paying the bills,” she says.
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