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Treasurer Jim Chalmers handed down the 2024-25 Federal Budget last night, and there’s a lot to unpack.
Easing cost of living pressures was at the forefront of this year’s Budget, but it wasn’t the only priority. Recent months have shown inflation to be more stubborn than expected, and the Government was facing plenty of pressure not to do anything that would inflame it.
The result is a Budget that the Government claims “strikes the right balance between keeping pressure off inflation, delivering cost-of-living relief, supporting sustainable economic growth and strengthening public finances.”
In this newsletter, we break down some of the key proposals from the 2024-25 Budget and what they might mean for you.
The Labor Government’s 2024-25 Federal Budget was unveiled on 14 May. We look at how the Government plans to manage the cost of living crisis while also keeping inflation in check.
Treasurer Jim Chalmers delivers a speech on the floor of Parliament during Budget night.
The ABC breaks down some of the main announcements from the 2024-25 Federal Budget.
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