Jim Chalmers delivered his fourth Federal Budget on 25th March 2025, and once again “cost-of-living measures” took centre stage. With an election just around the corner, the government will be hoping income tax cuts, energy bill relief and cheaper healthcare will win votes from Aussie battlers. The government estimates that the measures will benefit the average household by around $15,000 over 4 years.
The Treasurer’s speech contained a mix of optimism around Australia’s economy and pessimism around global uncertainty. He cheered on Australians for getting through the inflation spikes of recent years, the private sector for now driving GDP growth and the economy for ‘turning a corner’.
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