Home Uncategorized “That’s all I can say”: “Temporary” move to ease the pain in...

“That’s all I can say”: “Temporary” move to ease the pain in the bowser

74
0


Treasurer Josh Friedenberg has hinted at a temporary reduction in excise taxes on fuel as gasoline prices rise sharply across the country.

Mr Friedenberg said the government was considering temporarily lowering the excise tax as petrol prices reached $ 2.20 a liter or more.

“The main thing I would say is that what we’re going to do is be temporary, and it’s going to be focused, and that’s all I can say,” Mr Friedenberg said. news.com.au on Monday.

“The change in the excise tax on fuel affects people who buy fuel.”

Australians pay 44.2 cents in excise duty on fuel per liter of petrol and diesel, and the government collects more than $ 13 billion a year in net tax revenue. The funds are then reinvested in the road network.

There have been calls for the government to halve or temporarily cut excise taxes as gasoline prices rise across the country amid Russia’s aggressive war against Ukraine.

Camera iconGasoline prices have skyrocketed across the country. Tony Goff Credit: News Corp Australia

On Monday, Scott Morrison was asked if Australians would feel relieved in the bowser.

He replied that the government was making “final touches” to the budget.

“There is a little more than a week left before the budget, and we are still putting the finishing touches on it,” the prime minister told Brisbane Radio 4BC.

“We are very aware of the consequences of the cost of living, especially caused by the war in Europe, which has obviously greatly increased our petrol prices.

“It won’t be forever, these jumps in gasoline prices, but we know they have a real impact on people right now.

“But what we are doing as a government … we have no harsh reactions.

“We are thinking about broader problems in the economy, and so will next week’s budget.”

PORTRAIT OF JOSH FRIEDENBERG
Camera iconJosh Friedenberg says the government is considering easing the Bowser. Photo: Gary Ramage Credit: News Corp Australia

However, Australia’s highest automotive body said the excise tax on fuel is the country’s main source of revenue from road construction and it is already playing into the “catch up”.

“With record petrol prices, Australian motorists deserve every penny of fuel tax to be spent on projects that make their trips faster, their families safer and their communities stronger,” said Michael Bradley, managing director of the Australian Automobile Association. .

“Over the last decade, only 53 percent of the excise tax on fuel has been spent on the transport network, and as a result, Australia now has to play catch-up.

“The time has come for both sides of politics to undertake the use of 100 per cent fuel taxes to create projects that will make Australians and our economy move again.”

Previous articleThe Waterfall Way reopens after a massive landslide
Next articleProvide real estate at CBD Newcastle for just $ 10,000