The persistently high cost of living will be top of the government's agenda when Treasurer Jim Chalmers hands down the federal budget next Tuesday. 9News
Australians who have a superannuation balance above $3 million will have their concessional rate doubled from 2025.
Home ownership will soon be in closer reach for millions more Australians as the federal government expands eligibility for its Home Guarantee Scheme , in a bid to tackle the housing crisis. While no concrete plan to increase welfare payments has been publicly announced, it is widely speculated the Labor government will attempt to improve welfare conditions during the current cost of living crisis.
While this sounds fantastic, don't mistake it with Australia's government debt, which is currently sitting close to $900 billion.The soaring export price of iron ore and coal will deliver more tax revenue for the government.Australians struggling with paying their utility bills could be in luck come next Tuesday, with around $3 billion tipped to be set aside for specific energy bill relief.
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