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A better-than-expected economy has added $104 billion to the federal budget bottom line over the next four years. The government can largely thank tax revenues for that, especially from the booming mining sector.
But with a full $96 billion of that haul redeployed to spending and tax cuts, a wide range of cohorts and demographics are winners from Tuesday’s budget. Among them are Millennial and Generation Z investors – arguably not the country’s most marginalised community, especially given the sharemarket and crypto gains on offer over the past 12 months.
Check out the highlights from the budget lock-up in this video and a more detailed summary of measures relevant for budding wealth-builders below.