Federal budget 2018: What the budget means for markets

Sarah TurnerPerspective editor

Updated May 9, 2018 – 5.02pm, first published at 12.48pm

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Bonds are expected to be the marginal winners from the federal budget while this year's spending plan is anticipated to have little immediate impact on the stockmarket or the Australian dollar.

The 2018 budget handed out $140 billion in income tax cuts over the next decade, locked in a surplus within three years and forecast a drastic reduction in debt before 2030.

Sarah Turner is the editor of the AFR Weekend Perspective section based in our Sydney newsroom. Email Sarah at s.turner@afr.com