Family feels benefits of the boom

The Davies family of New Lambton can relax on several fronts after hearing Treasurer Wayne Swan deliver the ‘‘benefits of the boom’’ budget.

Nick Davies, head teacher at Morisset High School, said the family especially welcomed the rise in the tax threshold to $21,000 because his wife Karen worked part-time.

‘‘It will be more money in her pocket,’’ Mr Davies said.

The family will have to do a check before they know how changes to Family Tax Benefit Part A, courtesy of the resources tax, will affect them but Mr Davies said ‘‘every little bit helps’’.

‘‘People see mining companies making lots of money,’’ Mr Davies said.

‘‘This will make them happy,’’ he said.

The Davies have three children, Hamish 13, Angus, 11 and Laura 8.

They are going to benefit from the hundreds of dollars in payments for primary and secondary students, which Mr Davies said would be very useful for expensive sporting activities and excursions.

He said the budget showed that the Australian economy was in ‘‘good shape’’.

‘‘It’s a good feeling.’’

But he added a note of caution.

‘‘We are going to get lump sums but maybe not long-term relief.

‘‘Perhaps some of the money, instead of cash in the pocket, should go into infrastructure, such as roads and longer-lasting benefits of the boom.

‘‘It is a sweetener’’, Mr Davies said.

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