Aussies doing it tough can expect some cost-of-living support in the upcoming budget, Jim Chalmers says, as he hosed down calls for an increase to welfare payments.
The Treasurer has given his biggest hint yet Aussies can expect cost-of-living support in the upcoming budget – but it won’t please everybody.
“Inflation has almost halved since we came to office. It has come off quite substantially. We’d like it to come off more,” Dr Chalmers told Seven. “The budget will focus on other ways to provide help for people who are doing it especially tough,” he said. It’s expected that the remaining progress needed to bring inflation back to the target band will take until 2025.A second surplus is all but locked in. Picture: NCA NewsWire / Nicholas Eagar
Department Of Finance Government Spending Final Touches Inflation Firenationals Matt Canavan Courtney Gould Revenue Boost Highest Spending Budget Budget Boost Highest Spending Kevin Rudd Sky News Australia Spending Commitments Target Band Nicholas Eagar Cash Balance Newswire-Politics Health Care
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasurer Jim Chalmers signals budget welfare boost unlikely as government strives for surplusThe government has all but ruled out further welfare increases, before receiving a pre-budget report from its advisory committee.
Read more »
Budget 2024: Jim Chalmers’ plan to fast-track energy transition red tapeTreasurer Jim Chalmers is close to finalising a package to get capital flowing for the stuttering energy transition and other Labor priority projects.
Read more »
Merger law: Jim Chalmers reveals changes to merger regimeThe ACCC will be able to block serial acquisitions and those that entrench the market power of big players, but Jim Chalmers rejected a “presumptive ban” on mergers.
Read more »
Treasurer Jim Chalmers embarks on legacy-building merger reformsHow the treasurer’s merger reforms end up working in practice will be known in just a few years. Whether they achieve their economic objective will not be known for decades.
Read more »
Australia merger laws: Jim Chalmers’ reforms threaten to ‘kill off start-up sector’, tech leaders warnTech leaders have warned that proposed merger laws will kill deals before they close, starving the sector of the capital it needs to continue to grow.
Read more »
Investment bankers, lawyers welcome speedier M&A processes under Jim Chalmers’ reformsIron-clad timelines, and ensuring that some transactions are scrutinised by the ACCC, provides greater certainty for bankers negotiating billion-dollar deals.
Read more »