Sky News Australia host Paul Murray has broken down the five things Australians need to know about the 2024-25 Federal Budget after it was unveiled by Treasurer Jim Chalmers on Tuesday.Sky News Australia host Paul Murray has explained the five things Australians"need to know" about the 2024-25 Federal Budget after it was unveiled on Tuesday night in parliament.
Sky News Australia's Paul Murray has broken down the five things Australians need to know about the federal budget after it was unveiled by Treasurer Jim Chalmers on Tuesday. Picture: Sky News AustraliaA $300 bill energy rebate for every household was announced on budget night. Federal Treasurer Jim Chalmers delivered the 2024-25 Federal Budget at Parliament House in Canberra on Tuesday night. Picture: NCA NewsWire / Martin OllmanStage three tax cuts have been amended to benefit low and middle-income earners in a package worth $359 billion over 10 years, with all taxpayers earning more than $18,200 to get a tax cut - worth an average $1,888 a year.
"By the Treasurer's own admissions, he now says what the average figure is going to be for the tax cut per week, and think about whether this even touches the sides or the middle of the financial problems you're facing."The budget has been widely criticised for failing to quell rising inflation in Australia, with the government having previously set the goal of bringing it down to 2-3 per cent.
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