Australia's federal budget for 2025 unveils a range of initiatives, benefiting sectors like digital connectivity, manufacturing, and education, while also targeting illicit trade and addressing housing challenges.
Australia 's 2025 federal budget has unveiled a mix of winners and losers. While Adelaide Zoo's pandas and alcohol sellers will benefit from increased funding, illicit vendors of vaping products and tobacco may face tougher times. The budget prioritizes connecting Australia ns to broadband, providing tax breaks to certain industries, and boosting funding for selected trades.
Homes lacking internet access will finally be brought online, with 622,000 households upgraded to full-fibre connection by 2030. The government also allocated $3 billion to complete the National Broadband Network (NBN) rollout, a project nearing its two-decade mark. This upgrade aims to deliver faster and more reliable internet to underserved areas. A new campaign encouraging consumers to 'Buy Australian' received $20 million in funding, aiming to promote domestically produced goods. While global trade uncertainties persist, the budget offers limited details on how this campaign will be implemented.Iron and aluminium producers may also receive grants to transition to green energy, with $3 billion allocated over two decades. This follows a $219 million bailout for the Whyalla steelworks announced earlier this year. Selected trades workers and apprentices will benefit from streamlined licensing procedures and increased funding. Electricians, for instance, will need only a single license to work nationally under a proposed national framework. The budget also doubles financial support for residential construction apprentices, up to $10,000, beginning July 2023. The beer excise will remain frozen for two years from August 2025, benefiting pubs and consumers. Additionally, alcohol manufacturers will have increased access to tax offset schemes, resulting in a collective financial gain of $165 million for the industry. Aged care workers will see wage increases, with $90 million allocated for nurses and employers in the sector.Australia's intelligence agencies will receive $45 million over four years to enhance their capabilities, following a government report highlighting the need for improvement. Funding will be dedicated to training intelligence operatives and implementing priority recommendations from an independent review. Adelaide Zoo's pandas will receive an extra $7.6 million in funding over the next decade, with the federal government partnering with the South Australian government to support the animals. The Maugean skate, an endangered species at the center of a debate surrounding salmon farming in Tasmania, will benefit from an expanded captive breeding program at a cost of $3 million over three years. Those hoping for more substantial assistance in the tightly contested housing market may be disappointed. The budget's key housing measure is an $800 million expansion of the Help to Buy program, though it maintains a limited capacity of 40,000 applicants. A $54 million allocation aims to increase the supply of prefabricated and modular housing, but the government acknowledges a significant shortfall in home construction, highlighting the ongoing challenge
Australia Budget 2025 NBN Housing Trade Education Intelligence Environment
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal budget 2025: Australia to hit record $940 billion debt as budget returns to deficit7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
All the winners and losers from the 2025 federal budgetTreasurer Jim Chalmers has handed down his final federal budget before the election.
Read more »
Budget 2025: who are the winners and losers?Brewers, pandas and spies are up – but consultants will be cut off and vape sellers will feel the heat
Read more »
Federal budget 2025 live: Jim Chalmers prepares to deliver pre-election budgetTreasurer Jim Chalmers will hand down his fourth budget today as Australians inch closer to heading to the federal election. Follow live.
Read more »
Federal budget 2025 live: Jim Chalmers grilled after handing down his fourth budgetTreasurer Jim Chalmers is being grilled by Sarah Ferguson after handing down his fourth budget. Follow live.
Read more »
Federal budget 2025 live: Coalition slams tax cuts as 'cruel hoax' in pre-election budgetFederal Treasurer Jim Chalmers has unveiled his financial blueprint as the nation inches closer to a closely fought election. Follow live.
Read more »