Federal Budget Alert

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]