She's On The Money We Asked the Finance Minister What This Budget Really Does For You
Apr 1, 2025
In this engaging discussion, Katy Gallagher, Australia's Finance Minister and advocate for women's economic equality, breaks down the latest federal budget. She explains HECS indexation changes and introduces rent relief and energy bill support. The talk dives into women's health funding, from contraception to menopause therapies, and how a $27 billion deficit isn't entirely bad news. Katy addresses cost-of-living concerns and manages inflation while highlighting the importance of strategic investments. It's a no-nonsense approach to understanding how these changes affect everyday Australians.
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Treasurer vs. Finance Minister
- The Treasurer leads economic policy, while the Finance Minister manages the money and savings.
- The Finance Minister is involved in all government activities and knows what's happening across different portfolios.
Dual Role: Finance and Women
- The Finance Minister's dual role as Minister for Women ensures women's policy is central to budget decisions.
- This is aided by the PM and Treasurer prioritizing women's economic equality.
Balancing Cost of Living and Inflation
- Unlike during the GFC and COVID, the current inflationary environment requires calming down demand, not stimulating it.
- The budget aims to provide cost-of-living relief without increasing inflation, such as by reducing energy bills.