Federal Budget Alert
Biggest winners and losers from federal budget revealed
13 May
The Federal Budget always creates a clear mix of opportunities, trade-offs and policy changes that can affect households, investors, business owners and retirees in different ways. This article outlines the key winners and losers from the latest...[Read More]
Bleak outlook for national economy if Iran war drags on
13 May
Lingering conflict in the Middle East could cause Australia’s economy to contract and unemployment to spike to pre-pandemic levels, Treasury warns in the nation’s fiscal blueprint. While Treasurer Jim Chalmers said Australia was well placed to...[Read More]
Small businesses win as popular supports made permanent
13 May
Millions of businesses feeling the economic pain of the Middle East crisis will get some of their tax back along with extra money to buy equipment to help them weather the storm. The two permanent changes were confirmed in the federal budget on...[Read More]
Tax relief for workers and pain for investors in budget
13 May
Young people entering the housing market face such significant difficulties that the government needs to break a major election promise on controversial tax changes, Treasurer Jim Chalmers insists. A raid on investment properties, trusts and other...[Read More]
Better budget bottom line, higher inflation on the way
18 December
Treasury has updated its economic and fiscal forecasts for the next four years in its mid-year budget update. BUDGET DEFICITS (PREVIOUS IN BRACKETS): * 2025/26 – $36.8 billion ($42.2b) * 2026/27 – $34.3b ($35.4b) * 2027/28 – $36.2b ($27.1b) *...[Read More]
Budget $5.4b better off as Chalmers tightens the belt
18 December
Treasurer Jim Chalmers will unveil a $5.4 billion improvement in the federal budget this financial year, even as the deficit sinks to its worst level in five years. With judicious use of words such as “sensible” and “restraint”, Dr Chalmers...[Read More]
Chalmers spins battery blowout into budget savings
18 December
Treasurer Jim Chalmers has used a $4.9 billion blowout in home battery subsidies to claim the government saved taxpayers $6.7 billion in the mid-year budget update. The battery subsidy program was initially set to cost taxpayers $2.3 billion but the...[Read More]
Here are Treasury’s key forecasts for 2025/26, compared to the previous budget
25 March
The following outlines the Treasury’s key economic forecasts for the fiscal year 2025/26, highlighting notable changes and trends by comparison with projections provided in the previous budget. These forecasts offer valuable insights into expected...[Read More]
Winners and losers from the federal budget revealed
25 March
Here’s a snapshot highlighting the key winners and losers from the latest federal budget, revealing who stands to gain and who might feel disadvantaged by recent government decisions. WINNERS * Taxpayers: All taxpayers will get tax cuts in July...[Read More]
Taxpayers to get $10 a week cut in pre-election budget
25 March
Taxpayers are being promised $10 a week of relief in a pre-election sweetener, as Jim Chalmers lays out the economic case for a second term of a Labor government. In his fourth federal budget handed down on Tuesday night, weeks before Australians go...[Read More]
Federal Budget at a glance: focus on power bills, medicines and rent relief
15 May
THE BUDGET Budget surplus of $9.3 billion in 2024/25 Commonwealth net debt to rise to $552.5 billion (20 per cent of GDP) in 2024/25 Economic growth to rise to two per cent in 2024/25 Unemployment rate to rise to 4.5 per cent in 2024/25 Inflation...[Read More]
Biggest winners and losers revealed in federal budget
15 May
BUDGET WINNERS AND LOSERS WINNERS Lower income households – more energy bill assistance on the way Small businesses – energy bill rebates and extension of asset write offs Renewable and other energy companies – tax breaks and other incentives...[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]