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Australian federal budget: Grab rewards by guessing the closing price!

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Moomoo AU wrote a column · May 13, 2024 10:31
On 14 May, the treasurer, Jim Chalmers, will hand down the Australian Federal Budget for the 2024-25 financial year.
What we know so far about the federal budget
The government hopes to deliver targeted cost-of-living relief without stoking inflation pressures.The budget will also fund wider reforms in areas like education, health, infrastructure and manufacturing.
Tax cut: The biggest cost-of-living package that will be trumpeted in the budget are changes to the Coalition’s stage-three tax cuts, which will start in July and cost $359 billion over 10 years.
Made in Australia：The budget will also allocate more than $7 billion in funding to projects under the government’s Made in Australia Act.
Infrastructure: The budget will also contain more than $17 billion in infrastructure projects, including an $147.5 million investment in planning for new roads and rail across greater Western Sydney.
Tradies: The budget will put away $90 million to support an increase in the number of skilled workers needed in the construction sector, particularly amid plans to expand housing supply drastically.
Guess the closing Price
With federal budget now dominating week ahead.What cost-of-living relief are you hoping for in this year's budget? How will the market react to the federal budget on the day?
Vote your answer to participate!
Rewards
An equal share of 2,000 points: For mooers who correctly guess the price trends of $S&P/ASX 200 (.XJO.AU)$ at 16 PM AEST May 15.
(e.g., If 50 mooers make a correct guess, each of them will get 40 points.)
Note：
The vote will close at 14:00 PM AEST May 15.
Rewards will be distributed within 5-7 working days after the result's announcement.
Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
The selection is based on post quality, originality, and user engagement.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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