Frydenberg promises budget relief from cost-of-living pressures | CroweDM
Australians will be promised protection from the rising cost of living in the coming federal budget in a plan to use increasing tax revenue to fund some new payments aimed squarely at families.
“We’ve already taken steps to provide around $30 billion in tax relief since the start of COVID and to reduce childcare costs as well, with more than $10 billion being invested.“We’ll see further targeted, proportionate, temporary measures in this budget to address cost-of-living pressures for families and help them during this challenging time.”
“We’ve heard all of this stuff before from Josh Frydenberg. We’ve heard all of the marketing followed by all of the mismanagement and ordinary Australians are paying the price for that,” he said. But with inflation on the rise around the world and the Russian invasion of Ukraine sending commodity prices soaring, Mr Frydenberg acknowledged the uncertainty about forecasts that would add tens of billions of dollars to tax revenue from coal, gas and iron ore.
He said he had refused spending demands from interest groups and others, pointing to his record in turning down calls from Labor leader Anthony Albanese to continue spending.
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