In the latest budget of Federal Government for the financial year of 2018 – 19

In the latest budget of Federal Government for the financial year of 2018 – 19, government maintains achieving a stronger economy. Despite mining sector sliding down, the economy continues to remain stronger. Government successfully implements the policy plan of creating new job opportunities along with boosting investment (Robinson and Wang 2018). A stronger economy enables government to secure supply of essential goods and services for Australians. The budget plans to strengthen Australian economy so that people can enjoy the perks of a strong economy. This in turn helps to secure a modest growth rate. The last budget is a plan, which will offer a tax relief in order to encourage Australians through a higher return from their work effort. This will also encourage businesses to increase investment creating new jobs. The main components of the budget are discussed below