Federal Budget
Your Federal Budget summary
11 May
The Federal Budget at a glance Budget deficit of $13.9 billion in 2023/24 Commonwealth net debt to rise to $574.9 billion (22.3 per cent of GDP) in 2023/24 Economic growth to fall to 1.5 per cent in 2023/24 Unemployment rate to rise to 4.25 per...[Read More]
Summary of the 2023/24 federal budget
9 May
SUMMARY OF 2023/24 FEDERAL BUDGET ECONOMY * Budget surplus of $4.2 billion in 2022/23 * Deficits of $13.9 billion in 2023/24, $35.1 billion in 2024/25, $36.6 billion in 2025/26 and $28.5 billion in 2026/27 * Commonwealth net debt rising to $574.9...[Read More]
Federal budget 2023/24 at a glance: Who are the winners and losers?
9 May
The Federal Budget at a glance * Budget deficit of $13.9 billion in 2023/24 * Commonwealth net debt to rise to $574.9 billion (22.3 per cent of GDP) in 2023/24 * Economic growth to fall to 1.5 per cent in 2023/24 * Unemployment rate to rise to 4.25...[Read More]
Key Treasury economic forecasts in the 2023/24 budget
9 May
Economic growth is set to more than halve in 2023/24 before picking up in the following three years, as Australia continues to feel the impact of weak conditions offshore. But there is better news on inflation, which is expected to finally return to...[Read More]
Small business owners promised thousands in savings
9 May
Businesses struggling to make ends meet will be able to claim tens of thousands of dollars in tax incentives to drive down power bills and boost productivity. Small business minister Julie Collins says they are “the lifeblood of our economy” and...[Read More]
Budget good, but more needed: business
27 October
Peak business groups have hailed the Albanese government’s first budget as careful and cautious, but warn hard work lies ahead to shore up the economy. Business Council chief Jennifer Westacott said the Labor economic blueprint made the necessary...[Read More]
Treasury 2022/23: Four year budget economic forecasts
26 October
Economic growth over the four years to 2025/26 is likely to be slower than predicted ahead of the May federal election, due to global challenges, high inflation and higher interest rates. KEY ECONOMIC FORECASTS IN 2022/23 BUDGET GDP (real, versus...[Read More]
Billions set aside for aged care reforms
26 October
Long-awaited aged care reforms are set to be delivered thanks to a multi-billion dollar boost. The federal budget shows $2.5 billion will be spent over the next four years to ensure all aged care facilities have a registered nurse onsite around the...[Read More]
Treasury to report on wellbeing progress
26 October
Australians will soon be able to see in fine detail how the nation is making progress on everything from women’s safety to a cleaner environment. Treasury is working on a report – to be known as the Measuring What Matters Statement – which...[Read More]