Everyone in the country is going to benefit from the $3.5 billion package – and it's going to have a big impact on inflation.
Every household in the country will get a $300 discount on their energy bills under a $3.5 billion package included in the federal budget.
"From July 1, Australians will receive an energy rebate of $300 – and one million small businesses will get a bit more," Treasurer Jim Chalmers said."Keeping the lights on for families and businesses – and keeping downward pressure on inflation."Unlike last year's budget, which included energy bill relief for about 5 million vulnerable households, there's no eligibility criteria this year – all of Australia's more than 10 million housholds will get the rebate.
That's the lion's share of the 0.6 per cent drop to under 3 per cent by the end of the year predicted by Treasury, whose forecasts are far more optimistic than the Reserve Bank's.
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