Budget 'does not benefit drivers'

Mozo

Friday 13 May 2011

The latest Budget from Treasurer Wayne Swann may have motorists trying to compare car insurance for a better deal as there is very little good news for them, according to one expert.

Budget 'not great for drivers'

Managing editor of The Motor Report Tim O'Brien explained that some roads projects have been delayed – for example the plans to alleviate pressures on key routes around Sydney.

He added that with interest rates and inflationary pressures, the Budget was predictably tight.

Aussies struggling to make ends meet in the current economic climate may find that comparing car insurance policies is an effective way to reduce their outgoings.

Mr O'Brien added that it is not all bad for drivers who use their autos for business, as small companies are eligible for a $5,000 tax concession on new capital outlays, such as cars.

In what will be good news for all motorists, Commonwealth Securities economist Savanth Sebastian forecast earlier this week that fuel prices are set to decline in the near future, the Australian Associated Press reported.

Have a question about car insurance? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800533506-ADNFCR

Back to top