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With the soaring cost of living, rising electricity prices, out-of-control inflation and real wages going backwards, the Albanese Labor Government’s first Federal Budget, outlines measures aimed at addressing the current and pervasive skills shortage, including higher childcare subsidies and increased funding of vocational training.
Treasurer Jim Chalmers has delivered a measured budget that leans heavily on the “strong and sensible” side. Dubbed ‘The Family Budget’, it provides a five-point plan for cost-of-living relief and a focus on improving housing affordability. The Budget also announced energy efficiency grants and further funding for ATO’s compliance programs.
With a five-point plan for cost-of-living relief and a focus on improving housing affordability, the budget also outlines a range of measures for Australian businesses.
We break it all down in the below reports.
