Pre-election federal budget reveals key wins and losses for Australians

·

Federal Treasurer Jim Chalmers has presented his fourth federal budget, setting the stage for a potential election announcement in the coming days.

The budget, which was uncertain until recently, includes several measures aimed at fulfilling Labor’s election promises, with income tax cuts for all taxpayers being one of the major surprises revealed on budget night.

Key winners:

  • Taxpayers will benefit from broad income tax cuts.
  • Electricity bills are set to see reductions.
  • Job switchers will have new opportunities, as will aged care workers, child care, and women’s health sectors.
  • Australian products and remote Indigenous communities also stand to gain.
  • Adelaide Zoo’s Giant Pandas and conservation receive support, while beer brewers and first home buyers see advantages.
  • Health initiatives, including the PBS and justice support, also receive attention, along with disaster recovery and major roads projects.
Pre-election federal budget reveals key wins and losses for Australians

Key losers:

  • Foreign home buyers will face new restrictions, while temporary migrants and tradies will see little relief.
  • Tax and tobacco revenue are expected to decline.
  • Consultants could face setbacks as the government focuses on more direct investments in key sectors.

Despite no changes to the budget balance or economic outlook, the budget presents a mix of positive outcomes for workers, industries, and communities, with notable support for Ukraine as well.

Source: ABC.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

30 years of the Greek Film Festival: From humble beginnings to national success

Celebrating 30 years of the Greek Film Festival, Chair Nia Karteris reflects on its journey from humble beginnings to a national milestone.

St George Basketball celebrates historic Senior Presentation Night

St George Basketball Association marked a major milestone with its Senior Presentation Night, held for the first time as a stand-alone event.

‘Anoixi’ taverna night unites Greek youth in celebration of culture and community

GO Youth NSW hosted a successful taverna night on Saturday, 27 September, as the Greek Australian community came together for Anoixi.

Hellenic Lyceum of Sydney to honour unsung Greek heroines of WWII

The Hellenic Lyceum of Sydney will host a special commemoration this month, shining a light on the Greek heroines of the Resistance.

Meet us in Greece: Is the hassle worth planning a Greek destination wedding?

From the moment we got engaged, we’ve been planning our Greek summer wedding. Getting married overseas can sound like a logistical headache.

You May Also Like

Close to 50 wildfires blaze across Greece as heatwave persists

In the past 24 hours, 47 forest and rural fires have blazed across Greece, with 15 blazes still ongoing, according to firefighting service. 

Greece celebrates March 25 but Germany’s Chancellor fails to send congratulatory message

Germany's Chancellor Angela Merkel, failed to send a congratulatory message to Greece on the anniversary of March 25.

Adelaide food blogger on a mission to make Greek cooking fun and accessible

Christina Panagopoulos has created an online cookbook over two years to make Greek cooking fun and accessible for future generations of Greek Australians.