Treasurer Jim Chalmers has handed down his final federal budget before the election.
Treasurer Jim Chalmers has handed down his fourth federal budget – the last before his government heads to the polls for this year's election.
This could save a familiy filling four prescriptions per month around $316 per year, the budget states.Medicines on the PBS will get cheaper thanks to funding contained in the budget. Households and small businesses will receive $150 off their energy bill as the government allocates $1.8 billion to extend last budget's rebates to the end of this year.
Women will get a $793 million boost to healthcare funding in the 2025 federal budget Three million Australians will have a combined $16 billion cut from their student loan debt from June 1 as the government slashes the total amount owed by 20 per cent.Stuck workers looking to change jobs Treasury claims the measure will add $5 billion to GDP and lift wages by an average of $2500, as well as boosting economic productivity – a measure governments have struggled to address.This will roll out across the next five years, starting this month.
The Albanese government has capped the excise on draught beer for the next two years. With plenty of uncertainty around Australian steel and aluminium manufacturing thanks to US President Donald Trump's trade war, the government is looking to boost the sector with a combined $3 billion to support locally made "green" aluminium and iron.
That's despite Chalmers' promise following the ACCC's report last week, to pursue a "fair go" at the "farm gate", as well as promoting a similar message in tonight's budget speech.That being said, the government is still promising to crack down on major supermarkets, by allocating $38.8 million for the Australian Competition and Consumer Commission to probe misleading and deceptive pricing practices and unconscionable conduct in the sector.
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