Australia is on track to hit a record budget surplus. Where do you think the money should go? Tell us in the comments.
The federal government announced a cost of living package adding up to more than $14 billion over four years in its May budget, which included energy and child care relief and support for medical patients.
“By getting the budget in much better nick than what we inherited, it means we can provide that $15 billion in cost of living help to take some of the edge off these pressures without adding to inflation,” he told Sky News last week, though he appeared to be referring to the cost of living package already announced in the May budget., used an interview with the ABC on Sunday to suggest Australia had benefited indirectly from Russia's war with Ukraine and could further help his country.
Last week, Mr Albanese revealed an extra $110 million package to fund Ukraine's ongoing efforts to repel Russia's invasion, taking Australia's total outlay since the war started to nearly $800 million. "So the federal budget surplus is now $19bn. All the Greens are asking for is $2.5 billion a year for public housing and $1 billion a year to incentivise a freeze and cap on rent increases," he wrote on Twitter.As the National Disability Insurance Scheme marks its 10-year anniversary, it's being reviewed by an independent panel that is looking at how to keep the scheme sustainable.
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