Consumer affairs reporter Michael Atkin has taken a look at what’s in the budget to help fight against scams, which are costing Australians more and more each year. A record number of scams hit Aussies hard last year, making paying the bills even harder for people struggling with the cost of living. Despite better efforts to...
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Tag: federal budget 2024
What’s in the budget? Here’s every announcement that you’ll hear about later today
Treasurer Jim Chalmers will hand down his third budget on Tuesday night, but has been tempering expectations for weeks in the lead-up, warning Australians not to expect a “cash splash”. Inflation remains a key challenge for the government, and we already have a pretty good idea of how Mr Chalmers plans to use his budget to...
Australia is set for a $9.3 billion surplus, but deficits for next three financial years
In short: The federal budget will reveal a $9.3 billion surplus for the 2023-24 financial year, which ends next month. The next three years will all have larger deficits than expected in December. What’s next? The budget will be handed down this evening. Today’s federal budget will deliver a $9.3 billion surplus for the current financial year...
Treasurer tips hat to Australian public servants who built the global economy
Treasurer Jim Chalmers has used a pre-Budget address to salute the role of Australian public servants in setting up the Bretton Woods System. Driven by one of history’s most influential economists, John Maynard Keynes, the Bretton Woods conference reforged the global economy in the wake of World War II through the creation of the Global...