Agreement between Turnbull government and the team of Nick Xenophon.

Xenophon
Xenophon

There is an agreement between the government of Turnbull and the team of Nick Xenophon.

The government has a negotiation with the three senators.

There is an agreement between the government of Turnbull and the team of Nick Xenophon. Both the parties are agreed in the agreement that there will reconsideration on the policy of electricity and gas. In this way the Turnbull government is saved from a great embarrassing defeat.

So there is an agreement between the government of Turnbull and the team of Nick Xenophon. If the government did not get what it wants then there will be a cut. While this cut will be on all types and all size of businesses. This cut will cost to the budget of $ 50 billion. In 2026-27 the amended package will cost $ 24 billion. There will be cost over the upcoming four years is $ 5.2 billion.

The prime minister is of the view that the result is in the favor of growth and employment. More he says that this is really ac great day for the workers and businesses of Australia. Turnbull says in Canberra that government is giving a tax cut on three million businesses.

There are small and medium businesses are included in this tax cut. More the Prime Minister Turnbull says that the government will do a press conference. So according to him the government will present all the packages in that press conference.

More he says the conference will be announced later on. While Matthias Cormann is the finance minister of the country. According to latest news updates he has announced a deal. The government has a negotiation with the three senators. However these senators belong to the South Australia and from the NXT party.

The tax cut will be applied for 2016-17. This tax cut will active if the senate and treasurer give the approval statement. While the senator Cormann is of the view that this tax cut will increase the economic growth and jobs.

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