Federal Budget Alert
Biggest winners and losers from federal budget revealed
13 May
The Federal Budget always creates a clear mix of opportunities, trade-offs and policy changes that can affect households, investors, business owners and retirees in different ways. This article outlines the key winners and losers from the latest...[Read More]
Bleak outlook for national economy if Iran war drags on
13 May
Lingering conflict in the Middle East could cause Australia’s economy to contract and unemployment to spike to pre-pandemic levels, Treasury warns in the nation’s fiscal blueprint. While Treasurer Jim Chalmers said Australia was well placed to...[Read More]
Small businesses win as popular supports made permanent
13 May
Millions of businesses feeling the economic pain of the Middle East crisis will get some of their tax back along with extra money to buy equipment to help them weather the storm. The two permanent changes were confirmed in the federal budget on...[Read More]
Tax relief for workers and pain for investors in budget
13 May
Young people entering the housing market face such significant difficulties that the government needs to break a major election promise on controversial tax changes, Treasurer Jim Chalmers insists. A raid on investment properties, trusts and other...[Read More]
Better budget bottom line, higher inflation on the way
18 December
Treasury has updated its economic and fiscal forecasts for the next four years in its mid-year budget update. BUDGET DEFICITS (PREVIOUS IN BRACKETS): * 2025/26 – $36.8 billion ($42.2b) * 2026/27 – $34.3b ($35.4b) * 2027/28 – $36.2b ($27.1b) *...[Read More]
Budget $5.4b better off as Chalmers tightens the belt
18 December
Treasurer Jim Chalmers will unveil a $5.4 billion improvement in the federal budget this financial year, even as the deficit sinks to its worst level in five years. With judicious use of words such as “sensible” and “restraint”, Dr Chalmers...[Read More]
Chalmers spins battery blowout into budget savings
18 December
Treasurer Jim Chalmers has used a $4.9 billion blowout in home battery subsidies to claim the government saved taxpayers $6.7 billion in the mid-year budget update. The battery subsidy program was initially set to cost taxpayers $2.3 billion but the...[Read More]