The 2024-25 federal budget is in. Here are 10 of the key funding announcements.
Treasurer Jim Chalmers has handed down the 2024-25 federal budget. The budget is set to deliver a $9.3 billion surplus for this financial year — the Albanese government's second in a row. But that's expected to be followed by double-digit deficits for the next four years. These are the key spending figures to know. That's how much the government is putting towards providing households and some small business with an energy bill rebate.
Indexation will be capped to match either the Consumer Price Index or Wage Price Index — whichever is lower — after Australians were hit with a student debt increase of 7.1 per cent last year. The changes will be backdated to apply from 1 June 2023, with all debts to receive an indexation credit. That's how much the government's revised stage three tax cuts are set to cost.
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