PM lauds near-record $19 billion budget surplus amid cost-of-living crisis

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PM lauds near-record $19 billion budget surplus amid cost-of-living crisis
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Anthony Albanese believes Australians will welcome the news that the federal accounts is in a surplus almost five times greater than what was predicted on budget night. 9News

The 'sticky' issue making the cost of living crisis worseAnthony Albanese believes Australians will welcome the news that the federal accounts is in a surplus almost five times greater than what was predicted on budget night.

"But these measures will make a real difference. $3 billion, together with states and territories, on energy price relief, the cheaper child care for 1.2 million families, the additional support for people to get into homeownership... increased paid parental leave, cheaper medicines.

"I believe that Australian families will look at the federal budget and say it is good that we have a government that is putting in place responsible budget management in order to put that downward pressure on inflation," he said. "They know that responsible economic policy from the federal government is important and has a flow-on impact that is positive for families...

"Our energy price relief plan alone will produce a three-quarters-of-a-percentage drop in inflation."Continue reading

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