Federal Budget
2024 Federal Budget Summary
Jim Chalmers delivered his third Federal Budget on 14 May 2024, forecasting to deliver a surplus of $9.3 billion for this financial year. Read the summary here.
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Federal Budget 2022 – 23 Superannuation Impact
The 2022/23 Budget was handed down on Tuesday, 25 October 2022, by the government. The Budget estimates an underlying cash deficit of $36.9 billion for 2022-23 (and $44bn for 2023-24). While the economy is expected to grow by 3.25% in 2022-23, it is predicted to slow to 1.5% for 2023-24, a full percentage point lower […]
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Federal Budget 2022-2023 – Impact For Individuals
The 2022/23 Budget was handed down on Tuesday, 25 October 2022 by the government. The Budget estimates an underlying cash deficit of $36.9 billion for 2022-23 (and $44bn for 2023-24). While the economy is expected to grow by 3.25% in 2022-23, it is predicted to slow to 1.5% for 2023-24, a full percentage point lower […]
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Federal Budget 2022-2023 Business Impact
2022/23 Budget The 2022/23 Budget was handed down on Tuesday, 25 October 2022, by the government. The Budget estimates an underlying cash deficit of $36.9 billion for 2022-23 (and $44bn for 2023-24). While the economy is expected to grow by 3.25% in 2022-23, it is predicted to slow to 1.5% for 2023-24, a full percentage […]
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Federal Budget 2022 Key Updates
The 2022-2023 Budget The 2022/23 Budget was handed down last night by the government. While there was some targeted, boutique assistance for small business, the Budget was very much focused on addressing cost of living pressures faced by individuals and families. In a departure from recent years, the Budget was relatively silent on the superannuation […]
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Federal Budget 2021 (What You Need To Know)
Federal Budget for the 2021-2022 income year On 11 May 2021, Treasurer Josh Frydenberg delivered the Federal Budget for the 2021-2022 income year. The 2021-22 Federal Budget deficit is $161 billion falling to $57 billion in 2024-25 with net debt predicted to peak at $980.6 billion (40.9% GDP) by June 2025. The full Budget papers are […]
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