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eNews – Federal Budget 2022

With the Labor Party winning the May Federal election, the new Albanese Government announced that they would deliver their own 2022-23 Federal Budget.

This Budget was handed down by Treasurer Jim Chalmers last night, Tuesday 25 October at 7:30pm (AEDT).

In the Budget, the Government outlined their policy priorities and a raft of proposed measures centred on ‘Building a better future’:

  • Providing responsible cost of living relief that delivers an economic dividend
  • Building a stronger, more resilient and more modern economy
  • Beginning the hard task of budget repair to pay for what is important.

Below we cover the most notable proposed measures, including measures announced by the previous Government which will now be reversed or delayed.

If you have any questions about how these proposed measures may affect you, don’t hesitate to get in touch.

2022-23 Budget: A wrap up of the proposed measures

On 25 October 2022, Treasurer Jim Chalmers handed down an updated 2022-23 Federal Budget. Read about what these proposed measures could mean for you.

ABC News’ Sarah Ferguson interview with Treasurer Jim Chalmers

In this ABC News video, Treasurer Jim Chalmers talks to Sarah Ferguson about the hard decisions that had to be made in Labor’s first Budget in nearly a decade.

Treasurer Jim Chalmers hands down Labor’s 2022-23 Federal Budget

Watch the ABC News segment on Labor’s 2022-23 Federal Budget and some of the proposed measures that underpin Labor’s promise of ‘Building a better future’.