Welcome to the 2011 Federal Budget editon of E-Link

This is the third year of the Bongiorno Budget Newsletter and our aim once again is to summarise the plethora of announcements that are contained in the Budget.

The major announcements by the treasurer, Wayne Swan, were as follows:

Jobs
Additional training packages, modernised and accelerated apprenticeships, and initiatives aimed at getting long-term unemployed and disabled people, as well as single mothers and older workers, back into the workforce.

Infrastructure
The intention to invest $36 billion in vital roads, railways and ports, such as the Moreton Bay Rail Link in Queensland, the Gateway Project in Western Australia, the Western Ring Road Upgrade in Victoria, and additional funds to duplicate the Pacific Highway.

Health
There will be a large investment in mental health, health infrastructure and regional health facilities.

Education
A new investment of $800 million in schools, training teachers and support for disabled students.

Below are more specific snapshots of the areas of the Budget that we think will affect our clients. Please note, there is so much information in the Budget that we cannot cover it all in this forum. Feel free to contact your Bongiorno Adviser for more details on anything covered here or any other items you may have seen or heard about not featured below.

Regards,

The Bongiorno Team