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Scott Morrison defends his $161billion Budget debt as he faces Karl Stefanovic on Today Show


Tuesday night s Budget includes a $9billion war chest to be used for yet-unannounced purposes - sparking speculation Scott Morrison will call an early election by the end of the year.
The fine print in the budget allows the government to set aside nearly $10billion for unspecified projects which have already been approved by the federal cabinet. 
But the Australian prime minister denied on Wednesday morning that allocation in the Budget has anything to do with being re-elected.
He fired up after Labor leader Anthony Albanese accused him of having no real plan beyond getting through the next election . 
Among the costly Budget measures is the extension of the low and middle income offset to 10 million Australians at a cost of $7.8billion. ....

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Budget 2021: Another huge boost for Aussie tradies as they write off new utes and equipment


Australian plumbers, carpenters, electricians and farmers have been given a significant boost in the Budget - allowing them to instantly write off the cost of new equipment.
Tradesmen with their own business can buy new utes and immediately claim them as tax deductions as part of the instant asset write-off scheme Treasurer Josh Frydenberg extended for a year in Tuesday s Budget.
Farmers meanwhile can buy new tractors and claim the cost back through the government s full expensing scheme.
Any assets first used or installed by June 30, 2023 are eligible.  
Tradesmen and women can buy new utes and immediately claim them as tax deductions as part of the instant asset write-off scheme. Pictured is a construction worker in Sydney on May 11 ....

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