Australian budget

His job in a budget-in-reply speech is to hold the government to account, not to govern himself. The time for detailed plans is much closer to the next election

The Institute of Public Accountants also said that the budget lacks genuine tax reform and targeted red tape reduction.

Opposition Leader Peter Dutton played to the Coalition’s strengths in his reply to Tuesday’s Budget, emphasising issues such as crime and immigration.

The Australian Medical Association said that the government should have prioritised improved funding arrangements for general practice.

Angry farmers have turned their backs on MP Murray Watts as he gave his post-budget speech.

Queensland’s net interstate migration is forecasted to soar by 110,000 by 2027-28 at the expense of NSW and other states.

The Australian government delivered its federal budget on May 14 evening, which outlines the plan for the nation going forward.

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Total interest payments will soar from $22.7 billion in the 2023-24 financial year to $35.6 billion in 2027-28.

The government are undertaking reforms to ’moderate this additional growth‘ and ’return the NDIS to its original intent,’ the budget noted.

A range of green energy initiatives will be funded followed the release of the official budget by Australian Treasurer Jim Chalmers.

The process to map the entire continent will take 35 years.

A boost to aged care workers’ salaries is among the $2.2 billion in announcements made for the sector in the 2024 federal budget.

The opposition, however, argues the budget ‘does nothing to help Australians get ahead and to restore their standard of living.’

This year’s Budget paves the way for an earlier election, should its assumptions prove accurate.

The Labor government is set to spend $215 billion more than it earns over the next five years.

About $6.2 billion will go into the initiative.

While the figure is well below the $22.1 billion surplus in 2022-23, it marks the first back-to-back surplus in nearly two decades.

The government also wants to pay superannuation guarantee on paid parental leave to help parents who choose to have more children.

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