Tough budget

For the majority of Cooma-Monaro residents the Federal Budget handed down by Treasurer Joe Hockey on Tuesday evening, had little appeal.

In one of the toughest budgets handed down in the last 20 years, Mr Hockey introduced a series of levies and indexation measures.

Locals were not spared, with new taxes and structural changes to welfare and pension payments. In a move to get more Australians into jobs; from July this year, people younger than 30 on Newstart or Youth Allowance must look for a job for at least six months before receiving unemployment benefits.

Federal MP for Eden-Monaro, Dr Peter Hendy believes the people of Cooma will understand the tough stance the government has taken.

"People understand the need to fix the debt problem," Dr Hendy said.

"We are all playing a part; because it's in sharing the load we lighten the load.

"Welfare payments into the future weren't sustainable so the government needed to act."

The Government has forecast a deficit of $29.8 billion next year, as they begin long term reforms to bring the budget back to surplus.

"Governments, like households, must live within their means," Dr Hendy said.

It appears the only local project or group to directly benefit from the budget is the Cooma-Monaro Historical Railway Society (CMR).

"The CMR will receive money promised to them under the heritage grants which were included in the budget," Dr Hendy said.

President of the CMR Rodney Clancy said securing the $10,000 grant is a win for Cooma.

"This will allow us to restore the rail motor number 8, which will have a big impact on Cooma tourism and the whole community," Mr Clancy said.

"We will be able to go the rest of the way with our reactivation programs.

"It's exciting to have the $10,000 which was promised from the previous election."

Outside of the CMR, locals didn't have a lot in the budget to be excited about. For people wishing to undertake tertiary education, they may find themselves paying higher tuition fees after the Government announced universities will be deregulated.

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