Treasurer Outlines Cyclone, Cost of Living, Healthcare Relief in Upcoming Budget

This will be the final budget before the next federal election.
Treasurer Outlines Cyclone, Cost of Living, Healthcare Relief in Upcoming Budget
Treasurer Jim Chalmers arrives at Parliament House in Canberra, Australia, on May 14, 2024. Tracey Nearmy/Getty Images
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At an event in Brisbane, Treasurer Chalmers said the government’s five priorities for the upcoming budget, including recovery efforts from Cyclone Alfred, addressing the cost of living, improving healthcare, investing in education, and boosting economic competitiveness.

“As of yesterday, 63,600 insurance claims had been lodged, with early modelling suggesting losses covered by the Cyclone Reinsurance Pool are around $1.7 billion,” the treasurer said.