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Thursday, December 19, 2024

Latest news: Federal budget

Treasurer Jim Chalmers plays down second surplus prospect

Jim Chalmers says his budget won't fan inflation and lead to more interest rate rises but some leading economic experts are not convinced.

Big bulk billing boost the centrepiece of health budget

Low-income Australians and children will be eligible for bulk-billed doctor visits with Medicare reforms at the heart of the federal budget.

Summary of the 2023/24 federal budget

The 2023/24 federal budget, the second for the Albanese Labor government, delivers on election promises while taking steps to deal with global economic headwinds.

Childcare workers given education and development help

Early childhood educators will receive extra budget funding to help complete their studies and aid professional development.

Federal budget to ‘turn the tide’ on nature destruction

Native animals and plants at risk of extinction will be protected by two new agencies in a bid to get the nation's ailing environment out of intensive care.

Farmers will help pay for new $1b biosecurity system

Farmers will be hit with "modest" fees under a new national $1 billion biosecurity system, which the federal government describes as the first model to consistently protect the industry from threats of disease and pests.

Budget sets up a ‘defining decade’ for rural Australia

The Albanese government will invest in services, people, places and local economies to ensure regional Australians' voices are heard in a decade of growth.

Defence to offer retention bonuses for service members

More money has been put aside to help deal with a backlog of veteran claims and cash retention bonuses will be handed out to Australian Defence Force members to continue serving in the force.

Indigenous programs boosted in federal budget

Improving the health and education of Indigenous Australians and listening to their voices are priorities for the federal government.

Fee-free courses to train our way out of skills shortage

Hundreds of thousands of Australians will be able to upskill for free as the Albanese government looks to drag the country out of a skills shortage.

Clean energy budget stakes $2b on renewable hydrogen

Cheap loans for energy upgrades and nation-building new industries have been backed in the budget to permanently reduce power bills and create clean jobs.

Cost-of-living package promises to benefit women most

Single mothers and staff in feminised workforces are some of the biggest winners in the federal budget, which puts improvements to women's lives front and centre. 

Labor’s cost-of-living package to top $14 billion

Struggling households will welcome billions in government relief targeted at the pressure points of the cost-of-living crisis.

Petroleum tax changes to help Australia ‘back on track’

An overhaul of the petroleum resource rent tax will make a meaningful contribution to the budget and help get Australia's finances back on track, Treasurer Jim Chalmers says.

The power budget: Australia on cusp of green economy

Hard-nosed billionaires like green energy champion Andrew Forrest, and his former venture partner Mike Cannon-Brookes, know that Australia's future prosperity will come from sunshine and electrons.

Budget matters amid cost of living crisis across nation

Economic output and similar markers aren't the best measures of wellbeing but momentum is growing to tackle issues that fall between the pages of the budget.

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