The reaction to big tax changes
Government says most small businesses will be unaffected by CGT changes but opposition wants more protections.
Australia could face a recession if businesses fail to keep their inflation expectations anchored, the central bank has warned.
Federal ministers have flagged the government is open to providing rollover support to small businesses and start-ups, amid looming changes to taxes on trusts.
Investors looking for clues on the next rates move will pick apart minutes from the Reserve Bank's May meeting and a speech by the RBA's chief economist.
The treasurer and prime minister are doing a sales job on government attempts to boost housing supply as property investors chew budget changes to tax breaks.
Economists suggest Budget will support fiscal growth in years to come despite flak over negative gearing and CGT changes.
More than half of poll respondents said they would be worse off with this budget while another poll has Angus Taylor as preferred Prime Minister.
The universities sector, which relies heavily on fee-paying foreign students, says coalition plans to cut immigration would hurt the economy and cost jobs.
The Australian Bureau of Statistics is forecast to post a positive gain in jobs when it publishes new data, as economists mull over sweeping tax changes.
The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each other’s policies.
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