Aussie budget coming up this week - Westpac

For the Aussie, analysts at Westpac explained that all eyes shift to next Tuesday’s Federal Budget. 

Key Quotes:

"Often key initiatives are floated ahead of the event, but in this instance little information is available."

"We know that strength in commodity prices and employment growth have delivered a much-improved starting point for the Budget projections."

"For the most part, it seems that this windfall will be spent on personal tax cuts and the cancellation of the planned increase in the Medicare levy surcharge (previously announced to fund the NDIS). Additional spending on infrastructure; health; aged care; education and the environment is also expected."