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This Budget Will Be Attacked as a Nightmare. That’s Exactly What the PM Wants
The budget pairs tax relief for workers and home buyers with $37.8 billion in NDIS savings and tighter rules for investors.
- On Tuesday, Treasurer Jim Chalmers handed down his fifth budget, delivering major tax changes and cost-of-living sweeteners to support Australian households.
- The Government seeks to control rising costs by restructuring National Disability Insurance Scheme eligibility, a move expected to yield $37.8 billion in savings over four years.
- Investors face new restrictions on negative gearing for existing properties, while workers receive a $250 tax offset and a $1000 instant deduction for work-related expenses.
- The budget allocates $25 billion to Medicare and public hospitals, alongside $53 billion for defence programs, including autonomous systems and the Australian Submarine Agency.
- Treasury expects inflation to spike at 5 per cent this year, while tax benefits for EVs costing $75,000 or less will phase down to encourage uptake of cheaper models.
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Total News Sources19
Leaning Left15Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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