Treasurer Jim Chalmers will hand down his second federal budget on Tuesday. Here’s what we know is set to be included.
will hand down his second federal budget on Tuesday, promising a package that will deliver cost of living relief and make Australia more resilient to global economic uncertainty.
Seeking to get the budget on a more sustainable path and repay COVID-19 debt, Labor is also under sustained pressure to increase the JobSeeker rate, to reform critical programs such as the National Disability Insurance Scheme, and to fund election promises including better standards in aged care and more housing supply.Here’s everything we know so far about Tuesday’s budget. This list will be updated in the coming days.
Low-income households and renters will benefit from an electrification package, created to boost energy efficiency and insulate households from price shock in energy marketsThe budget will include a $2.
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Lowe confronted after rate rise as Chalmers concedes Aussies are ‘under the pump’Treasurer Jim Chalmers said the government would provide “substantial cost of living relief” but avoid adding to inflationary pressures amid another rate rise from the Reserve Bank of Australia.
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Australians living ‘under the pump’ amid interest rate risesThe Reserve Bank’s shock interest rate rise was a “pretty blunt and pretty brutal” reminder of the pressures in the Australian economy right now, according to Treasurer Jim Chalmers. “Particularly this inflation challenge that your viewers are feeling everyday intense cost of living pressures and that’s why that will be a key focus of the budget that I hand down in less than a weeks time,” Mr Chalmers told Sky News Australia. He said the Albanese government recognises that Australians are “under the pump”. “My job in the budget is to show enough restraint that we can get the budget onto a more sustainable footing at the same time as we provide this cost of living relief for people who are doing it tough,” Mr Chalmers said.
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Treasurer flags cost-of-living relief for 'most vulnerable Australians'Treasurer Jim Chalmers has revealed that next week’s budget will feature a relief package for Australians doing it most tough, but did not detail who fits into that category.
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Chalmers has no more cash to splashInstead of talking down the strong economy and bottomline inherited from the Coalition, the treasurer needs to hold his nerve against the Labor left and focus on bringing the budget to balance, writes shadow treasurer Angus Taylor.
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