Federal Budget
Budget focuses on power bills, tax cuts and healthcare
26 March
FEDERAL BUDGET AT A GLANCE * Budget deficit of $27.6 billion this financial year * Commonwealth gross debt to rise to $940 billion (33.7 per cent of GDP) in 2024/25 before cracking $1 trillion the year after * Net debt to rise to $556 billion in...[Read More]
Budget fundamentals smashed as storms cloud outlook
26 March
Australia is on track for structural deficits as far as the government can see, clouding the economy’s final approach to a soft landing. Treasurer Jim Chalmers’ federal budget unveiled on Tuesday night locks in underlying deficits until 2035/36...[Read More]
Federal Budget at a glance: focus on power bills, medicines and rent relief
14 May
THE BUDGET Budget surplus of $9.3 billion in 2024/25 Commonwealth net debt to rise to $552.5 billion (20 per cent of GDP) in 2024/25 Economic growth to rise to two per cent in 2024/25 Unemployment rate to rise to 4.5 per cent in 2024/25 Inflation...[Read More]
Biggest winners and losers revealed in federal budget
14 May
BUDGET WINNERS AND LOSERS WINNERS Lower income households – more energy bill assistance on the way Small businesses – energy bill rebates and extension of asset write offs Renewable and other energy companies – tax breaks and other incentives...[Read More]
Your Federal Budget summary
11 May
The Federal Budget at a glance Budget deficit of $13.9 billion in 2023/24 Commonwealth net debt to rise to $574.9 billion (22.3 per cent of GDP) in 2023/24 Economic growth to fall to 1.5 per cent in 2023/24 Unemployment rate to rise to 4.25 per...[Read More]