What we know about the budget so far

  • 📰 newscomauHQ
  • ⏱ Reading Time:
  • 36 sec. here
  • 110 min. at publisher
  • 📊 Quality Score:
  • News: 396%
  • Publisher: 77%

Australian Taxpayer News

Military Assistance,Eastern Europe,Manufacturing Capability

Treasurer Jim Chalmers will hand down his third budget next week, as he again walks the tightrope of offering cost-of-living relief to struggling households without further fuelling inflation.

Finance Minister Katy Gallagher has declared inflation will be the “primary focus” of Tuesday’s budget, but the Treasurer later insisted it would not be the sole priority and argued now was “not the time for scorched earth austerity ”.

“But the pressure on the budget is real and intensifying. It will be a budget that needs to invest in the areas that we need to, and in those areas that are unavoidable.” “That’s $20,000 for every Australian household,” Shadow Treasurer Angus Taylor told Sky News on Monday. “The first and most important test of this budget is, are they going to put downward pressure on inflation and interest rates,” he said.Thousands rallied against gender-based violence on April 28. Picture: Andrew Henshawin financial support to escape their partner under the Leaving Violence Program. The government will spend $925.2 million over five years to permanently establish the program, trialled since 2021, starting mid-2025.

Military Assistance Eastern Europe Manufacturing Capability Cash Rate Consumer Spendingtreasurer Inflation Shock Andrew Henshaw Essential Services Elizabeth Drive Services Australia Social Services Rate Rises Eastern Asia Scanning Technology Able Jason Clare Scorched Earth Austerity Prominent Australian Women Prime Minister Proven Track Record Interest Rates Jim Chalmers Ukraine Regional Communities Cutting-Edge Scanning Technology Sky News Non-Consensual Distribution Canberra Australian Projects Domestic Violence Regional Communities Manage Sydney Mandatory Workplace Requirement Financial Support Package Public Service Numbers ABC Richard Dobson Fault-Tolerant Quantum Computer Climate Risks Taxpayer Funds Drought Impacts Agence France Presse Workplace Requirement Periods Tax Breaks Anthony Albanese The Alfred Foundation Chalmers Student Nurses Substantial Increase Refunds Worth Murray Watt Quantum Computing Air Defence Systems Australia Welfare Payments Rate Hikes Queensland Angus Taylor Impact Rate Rises South Korea Brisbane Commodity Prices Public Service Road Infrastructure Budget Warning Energy Subsidies University Of Sydney Professional Placement Periods Climate Change Reserve Bank Quantum Computer Cancer Care Europe Japan Social Services Drought-Resistant Livestock Feed Students Protest Short-Range Air Defence Rental Assistance Daily Telegraph Katy Gallagher Helping Individuals Real Thing Chris Richardson New South Wales Amanda Rishworth Australians Studying Oceania Financial Support Quantum Computing Functions Treasurer Jim Alfred Hospital Richard Marles Federal Budget Education Students National Disability Insurance Scheme Homegrown Inflation Australia And New Zealand Road Intersection Upgrade Mark Butler Public Service Headcount Quantum Computers Cancer Scanner Budget Surplus Communities Manage Drought Placement Poverty Asia Australian Capital Territory Tax Receipts

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Treasurer Jim Chalmers speaks on foreign investment reformSarah Ferguson presents Australia's premier daily current affairs program, delivering agenda-setting public affairs journalism and interviews that hold the powerful to account. Plus political analysis from Laura Tingle.
Source: abc730 - 🏆 14. / 63 Read more »

Federal budget: Rein in state spending to help RBA on interest rates, Treasurer Jim Chalmers urgedGovernments are on track to loosen their budgets by $50 billion in the middle of an inflation crisis and rising interest rates.
Source: FinancialReview - 🏆 2. / 90 Read more »

Treasurer Jim Chalmers cautions on call by Economic Inclusion Advisory Committee for welfare cash splashReleasing a new expert report, Treasurer Jim Chalmers cautions extra help for Australians doing it tough had to be weighed against other fiscal challenges.
Source: FinancialReview - 🏆 2. / 90 Read more »

Treasurer Jim Chalmers stares down NSW funding threat in GST rowNSW Treasurer Daniel Mookhey says an inequitable GST allocation will likely cost the state its remaining two AAA credit ratings.
Source: FinancialReview - 🏆 2. / 90 Read more »

Treasurer Jim Chalmers says Middle East conflict could impact InflationFederal Treasurer Jim Chalmers says fresh hostilities in the Middle East are a 'genuine threat' to our economy, with any spike in global oil prices set to impact the cost of petrol.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Treasurer Jim Chalmers urged to prioritize long-term solution for aged care fundingThe upcoming budget announcement by Treasurer Jim Chalmers will determine the sustainability of the aged care industry. The new Aged Care Act, recommended by the Royal Commission, will focus on residential care and support standards. Chalmers should not opt for a short-term fix, but rather prioritize a robust model for the next 50 years and beyond.
Source: FinancialReview - 🏆 2. / 90 Read more »