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Lenore Taylor and Karen Middleton unpack budget 2024
May 14, 2024
Editor-in-chief Lenore Taylor and political editor Karen Middleton discuss Budget 2024 with a focus on inflation concerns, budget allocations for various sectors, economic uncertainty, housing crisis, clean energy investments, and Australia's economic strategy amidst the political balancing act.
20:33
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Quick takeaways
- The budget includes $2.2 billion for aged care enhancements and incentives for domestic manufacturing towards net zero goals.
- Measures like $300 energy rebates and rent assistance aim to address cost of living pressures without fueling inflation.
Deep dives
Government's Pre-Election Budget Highlights Tax Cuts and Support Measures
The budget presented by Treasurer Jim Chalmers forecasts a second consecutive surplus, featuring already legislated Stage 3 tax cuts set to benefit average Australians with $1,888 annually. Additional support includes $300 energy rebates for households and increased Commonwealth rent assistance for renters. Notably, a $2.2 billion allocation aims to enhance the aged care sector, while incentivizing domestic manufacturing for net zero goals.
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