Treasurer Jim Chalmers has promised more cost-of-living relief in his 14 May budget as well as spending for students and health
Chalmers has promised more cost-of-living relief in a budget that he says tackles inflation but sets Australia’s economy up for growth –
Labor says 84% of taxpayers are better off under its proposal, although those earning more than $146,486 would have received more under the Coalition’s model. The government has announced $90.6m to boost the number of skilled workers in the construction and housing sector, creating 15,000 fee-free Tafe places and 5,000 places for pre-apprenticeships.
Even after these cuts are taken into account, the government says it has committed a net increase of $50.3bn for defence over the next 10 years. This includes a net increase of $5.7bn over the immediate four-year budget cycle.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2024: Jim Chalmers’ plan to unlock foreign investmentWhile some investors will get a fast track, extra safeguards will be set up for high-risk proposals, like China entities investing in critical infrastructure.
Read more »
Federal budget 2024: Jim Chalmers’ measures must ‘help, not hinder’ RBA’s inflation challengeWith inflation still too high, more than a dozen top analysts have warned that Treasurer Jim Chalmers needs to adopt spending restraint on May 14.
Read more »
Budget 2024: Why Jim Chalmers is ignoring Daniel Mookhey and selling the bigger pictureDespite the global tensions and the national gamble on the “Future Made in Australia”, the treasurer is about to hand down another surplus next month.
Read more »
Budget 2024: Economists dispute Jim Chalmers’ downbeat growth toneLeading economists have dismissed Treasurer Jim Chalmers’ pessimistic assessment of the global economy, and say it should not be used to justify inflation-boosting spending.
Read more »
Budget 2024: Jim Chalmers warns of ‘fraught and fragile’ outlookReturning from Washington, the treasurer warned of a precarious global outlook, citing slower growth forecasts for China, Britain and Japan in the May budget.
Read more »
Budget 2024: Jim Chalmers hints at investment allowance tax breaksJim Chalmers has flagged a type of business investment allowance to drive capital towards green energy and advanced manufacturing projects.
Read more »