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The numbers have been crunched in the Federal Budget and it falls to Jim Chalmers to convince the public his cost-of-living strategy will hit the spot.
NICK BRUINING: While the Treasurer is optimistically spruiking the minimal inflationary effects of his Budget, money markets will determine what we end up paying for our money in the form of interest rates.
UP LATE: Ben Harvey reveals the one page of the Federal Budget Jim Chalmers doesn’t want you to see, decoding the bottom line and explaining why high-fiving tax cuts is a ploy to gloss over Australia’s debt.
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Australia’s border protection operations have been bolstered with half a billion dollars in additional investment, after coming under fire amid an influx of attempted boat arrivals.
Programs aimed at stamping out anti-Semitism and Islamophobia in schools will get a boost in the Federal Budget.
The Albanese Government is pumping almost $300 million into expanding digital IDs and ‘exploratory work’ on central bank digital currencies.
There will be no interest rate cuts this year, one of the world’s leading credit agencies says, due to immense spending pressures in Treasurer Jim Chalmers’ Federal Budget.
Tax incentives worth billions of dollars will turbocharge critical minerals processing and green hydrogen production under the centrepiece of Anthony Albanese’s flagship Future Made in Australia plan.
The Federal Government will tip $6.2 billion of new investment into housing as it grapples with an escalating crisis crippling the sector that is likely to worsen.
In the procession of politicians through Canberra’s press gallery during the lock-up that precedes the Budget speech, the real winners among the political class make themselves known.
KATINA CURTIS: The most important number in the Budget isn’t in a chart or a table – it’s a courageous assumption about inflation that will take eight months to see if it comes true.
Australia will increase its support to overseas conflicts, including in Ukraine and the Middle East, as part of a major boost to Defence funding.
The Budget has $7.8 billion in cost-of-living relief and hefty support for critical minerals and other forward-leaning industries, but it is awash in red ink and government debt.
From sweet potatoes to parachutes and vegan proteins – there are plenty of weird and wonderful funding promises in the Federal Budget.
From power bill relief to housing and education – here are the five key highlights you need to know about Treasurer Jim Chalmers’ 2024 Budget.