Federal Budget Alert
Better budget bottom line, higher inflation on the way
18 December
Treasury has updated its economic and fiscal forecasts for the next four years in its mid-year budget update. BUDGET DEFICITS (PREVIOUS IN BRACKETS): * 2025/26 – $36.8 billion ($42.2b) * 2026/27 – $34.3b ($35.4b) * 2027/28 – $36.2b ($27.1b) *...[Read More]
Budget $5.4b better off as Chalmers tightens the belt
18 December
Treasurer Jim Chalmers will unveil a $5.4 billion improvement in the federal budget this financial year, even as the deficit sinks to its worst level in five years. With judicious use of words such as “sensible” and “restraint”, Dr Chalmers...[Read More]
Chalmers spins battery blowout into budget savings
18 December
Treasurer Jim Chalmers has used a $4.9 billion blowout in home battery subsidies to claim the government saved taxpayers $6.7 billion in the mid-year budget update. The battery subsidy program was initially set to cost taxpayers $2.3 billion but the...[Read More]
2025 Federal Budget Summary
26 March
Summary Last night, the Treasurer, Jim Chalmers, released the Government’s 2025-26 Budget. The Treasurer identified five main Budget priorities: Helping with the cost of living Strengthening Medicare Building more homes Investing...[Read More]
FPD 2024 Federal Budget Update
15 May
On Tuesday, 14th May, 2024, the Treasurer, Jim Chalmers, released the Government's 2024-2025 Budget. The Budget looks to help with the easing cost of living pressures with measures including tax cuts and energy bill relief, strengthening Medicare,...[Read More]
Federal Budget at a glance: focus on power bills, medicines and rent relief
15 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
15 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]
Federal budget 2021/22 at a glance
11 May
Paul Osborne (Australian Associated Press) THE FEDERAL BUDGET AT A GLANCE KEY FORECASTS Budget deficit of $106.6 billion for 2021/22 (5 per cent of GDP) Economic growth to rise by 4.25 per cent in 2021/22 Unemployment to...[Read More]