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It was the ninth budget to be handed down by the Liberal/National Coalition since their election to government at the 2013 federal election, the fourth budget to be handed down by Frydenberg and the Morrison government and the last budget to be handed down by the Morrison government prior to the 2022 Australian federal election.
Growth in spending and revenues over time reflect the growth of the economy and the responsibilities of the Commonwealth government. In comparison with similar economies, [a] Australia's government spending is relatively low. For the twenty-year period from 1960 to 1980, the growth in spending roughly matched percentages in the much higher ...
The 2024 Australian federal budget was delivered on budget night at 7:30pm on Tuesday, 14 May 2024 by Treasurer Jim Chalmers. [2] The budget will dictate how the Australian Government will allocate an estimated A$715 billion across the federal government, and to state and territory governments. [ 1 ]
The 2023–24 Australian federal budget is the federal budget to fund government services and operations. The budget was presented to the House of Representatives by Treasurer Jim Chalmers on 9 May 2023. It was the second budget handed down by the Australian Labor Party since their election to government in 2022.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
CANBERRA, Australia (AP) — Australia's treasurer said he will unveil the government's first balanced annual budget plan in a decade days before general elections are called.
The 2020–21 budget, presented 5 months later than its traditional May date, will take this pandemic into account, especially for the Department of Home Affairs, with a COVID-19 response package. Regarding employment, a wage subsidy was introduced earlier in the year titled JobKeeper and JobSeeker , and a new hiring credit for employers in ...
The 2011 Australian federal budget for the Australian financial year ended 30 June 2012 was presented on 10 May 2011 by the Treasurer of Australia, Wayne Swan, the fourth federal budget presented by Swan, [1] and the first budget of the Gillard government. The budget forecast a $22.6 billion deficit and delivered a $44.4 billion deficit. [2]