Australian Federal Budget 2009 - POLITICS 2.0

We are seeing the increased use of social media tools like Twitter and Youtube videos by government and their officials.

The recent 2009 Australian Federal Budget was no exception....!

WAYNE SWAN - TREASURER

Below is a "Behind the Scenes" video by Wayne Swan leading up to the budget night. He candidly spoke about the stress and long hours leading up to the day including a few words by his mother-in-law.

It was posted on Kevin Rudd's website, www.kevinpm.com.

JOE HOCKEY - SHADOW TREASURER

Joe Hockey also recently launched an attack on the Labor Government's 2009 budget via his website, www.joehockey.com.au.

He also released a Youtube video titled, "The Real Rudd Budget" which we have provided to you below....

PETER COSTELLO - EX-TREASURER

Peter Costello is the latest high-profile politician to jump on the bandwagon by launching his website, www.petercostello.com.au.

Although he has yet to release a personally made Youtube video (he is still a noob), he has posted a CNBC interview about the budget on his website which we have provided below...

Conclusion

There seems to be an ongoing trend by politicians to embrace social media. Politicians are now establishing websites expousing their personal brand to voters. 

This will only grow as the next generation of tech-savvy politicians move into the halls of power. 

POLITICS 2.0 IS HERE...!

From the AusTax team. 

The #1 provider of Australian tax news on twitter.

What the budget means for you

We have decided to provide commentary on the budget using a series of posts as to how they affect different segments of society. There is a lot of commentary out there from the major news outlets and there is a raft of changes. 

We have simplied our analysis into "What the budget means for...."

1. The Eldery:  We have defined this as 50 years of age and over, as the budget impacts the pension and the age pension from 2017

  

2. Young people: We have defined this as 25 and under and first home buyers

3. Business: We have a particular focus on SME's (small and medium enterprise business).

There will also be some additional posts from our contributors focusing on Superannuation and the economic impact.

From the AusTax team. 

The #1 provider of Australian tax news on twitter.

Australian Federal Budget 2009 - SOCIAL MARKETING

This would be of interest to our social media friends....

GOVERNMENT USES SOCIAL MEDIA..! 

The Federal Government will fund a social marketing campaign to extend and complement the Australian Better Health Initiative campaign. 

It should be interesting to see what the government comes up with.

The Fed will also pay $6 million per year to the States from 2010 as facilitation payments to reinforce local activities.

From the AusTax team. 

The #1 provider of Australian tax news on twitter.

Australian Federal Budget 2009 - CASH IN vs CASH OUT

Here's a graphical recap of the governments cashflow for 2009/2010.... 

MONEY IN (REVENUE) 

$291 billion

MONEY OUT (EXPENSES) 

$338.2 billion

NET CASHFLOW

$ (47.2) billion DEFICIT

From the AusTax team. 

The #1 provider of Australian tax news on twitter.

Australian Federal Budget 2009 - INFRASTRUCTURE SPEND

Here's a graphical recap of the infrastructure spending that the government is planning.

SOCIAL INFRASTRUCTURE

CLEAN ENERGY INITIATIVE

CRITICAL INFRASTRUCTURE

From the AusTax team. 

The #1 provider of Australian tax news on twitter.