Budget 2024

2024 - 5 - 15

Federal Budget 2024: What You Didn't Know

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Discover the hidden truths behind the 2024 federal budget and its impact on Australia's economy. Find out the surprising details!

The 2024 federal budget has sparked controversy with the government defending cost-of-living payments amidst concerns about fiscal challenges and high levels of government debt. Treasurer Jim Chalmers faces scrutiny as he unveils billions in additional measures while downplaying Australia's growing debt burden. Despite warnings from economists, Chalmers remains steadfast in his budget boasts, touting the benefits of the budget while ignoring the long-term financial implications.

In a surprising move, the federal government allocates over $430 million to the Coomera Connector in a bid to kickstart stalled housing projects and inject life into the Gold Coast economy. This unexpected rescue package aims to unlock billions of dollars in development projects and stimulate economic growth across the region.

However, critics question the sustainability of the budget, raising concerns about inflationary pressures and the impact on future interest rate cuts. Experts, including former RBA board members, warn that the budget's structural spending could lead to deficits and affect the RBA's monetary policy decisions.

As debates rage on about means testing energy rebates and the long-term implications of the budget, Moody's issues a stark warning about the potential deficits and surpluses in future budgets. The rocky road to interest rate cuts looms ahead as cost-of-living relief may not be enough to alleviate the financial strain on mortgage holders, further complicating the economic landscape.

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Image courtesy of "ABC News"

Federal Budget 2024: Government defends cost-of-living payments ... (ABC News)

The 2024 federal budget has been handed down, and the government begins the process of selling it to the public. Look back on Wednesday's updates.

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Image courtesy of "Gold Coast Bulletin"

Revealed: Surprise $430m rescue package for big Gold Coast project (Gold Coast Bulletin)

The federal government has tipped more than $430m into the Coomera Connector as it moves to unlock billions of dollars in stalled housing projects.

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Image courtesy of "NEWS.com.au"

Chalmers digs in despite warning bells (NEWS.com.au)

Treasurer Jim Chalmers has defended billions of dollars in additional measures unveiled in Tuesday's federal budget, amid concern from economists that the ...

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Image courtesy of "The Australian Financial Review"

Budget 2024: Jim Chalmers' budget boast ignores Australia's debt ... (The Australian Financial Review)

The substantial fiscal challenge from the budget is a forecast decade of deficits and highest plateau of federal government net debt for more than half a ...

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Image courtesy of "The Sydney Morning Herald"

Five things Jim Chalmers didn't tell you in his budget speech (The Sydney Morning Herald)

Subscribe to unlock this article. Form a deeper understanding of today's issues with uninterrupted access from $2 per week. Subscribe and save over 50% for 3 ...

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Image courtesy of "The Guardian"

Is the 2024 budget inflationary? Warwick McKibbin and other ... (The Guardian)

Former RBA board member among experts who say Albanese government's third budget is likely to at least delay next interest rate cut.

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Image courtesy of "The Australian"

Means testing energy handouts 'too costly' (The Australian)

Jim Chalmers has dismissed calls to means test the government's $300 energy rebates for every household, insisting it would take time and money to achieve, ...

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Image courtesy of "The Australian Financial Review"

Budget 2024: Moody's warns big 'structural' spend will leave budget ... (The Australian Financial Review)

Moody's has warned that health, aged care and other “structural spending pressures” could leave future federal budgets mired in deficit and make surpluses ...

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Image courtesy of "The Cairns Post"

Rocky road to interest rate cuts (The Cairns Post)

Cost-of-living relief is cold comfort for struggling mortgagees as an expansionary Federal Budget will only increase the RBA's reluctance to cut interest ...

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Image courtesy of "Herald Sun"

'We're all losers': Aussies rage on budget (Herald Sun)

Thousands of Australians have bagged out the Labor Government for its latest federal budget. See their thoughts and have your say. Staff writers. 5 min read.

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Image courtesy of "The Sydney Morning Herald"

Suburbs that renters could afford with the budget's extra help (The Sydney Morning Herald)

Anglicare Australia says just six rental properties are affordable to renters on the payment. Experts agree raising the base rate of working-aged welfare would ...

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Image courtesy of "Drive"

Federal Budget 2024: $84.5 million to implement new-car emissions ... (Drive)

The Australian Government has revealed it will spend almost $85 million in setting up the New Vehicle Emissions Standards from next year.

Cheers and Jeers: Businesses react to federal budget 2024 (DynamicBusiness)

This mixed bag of reactions highlights the complex challenges facing Australian businesses in the current economic climate. Let's delve deeper into the specific ...

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Image courtesy of "Power Retail"

Budget 2024: Retail Wins and Losses (Power Retail)

The retail industry reacts to wins and missed opportunities from the announcement of the 2024-2025 Federal Budget.

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Image courtesy of "ScreenHub"

Budget 2024-25: gains for the screen industry | ScreenHub Australia ... (ScreenHub)

Australian children's content and NFSA archive preservation are among the wins for the screen industry in the 2024-2025 Federal Budget.

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Image courtesy of "9News"

Erin and her husband spend $2521 every single week. But there's ... (9News)

With household spending and the cost of living at the centre of the federal budget, 9news.com.au and Joel G...

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Image courtesy of "The Sydney Morning Herald"

Everything you need to know about the $300 energy rebate (The Sydney Morning Herald)

The federal government is giving all 10 million Australian households and about 1 million small businesses energy bill relief in the coming financial year.

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