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]

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]

Federal budget 2022/23 at a glance

25 October

THE FEDERAL BUDGET AT A GLANCE * Budget deficit of $36.9 billion in 2022/23 * Commonwealth net debt to rise to $572.2 billion (23 per cent of GDP) in 2022/23 * Economic growth to rise by 3.25 per cent in 2022/23 * Unemployment rate of 3.75 per cent...[Read More]