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The budget is forecast to deliver a surplus of $ 4 billion, the first in 15 years. The change in forecast is due to high commodity prices, a strong jobs market and a rise in net migration. A return to a $ 13.9bn deficit is expected in the following financial year. Another deficit of $ 36.9bn or 1.3%
364:
withheld support for the JobSeeker increase in his budget reply speech, instead suggesting that welfare recipients should be allowed to earn more before their payments are reduced. He supported some of the proposed welfare and cost-of-living relief measures, but criticised the level of migration and
281:
The final budget outcomes for 2022–23 delivered a surplus of $ 22.1 billion (equivalent to 0.9% of
Australia’s GDP), which was well above the government's forecasted surplus of $ 4.3 billion; this is Australia's first budget surplus in 15 years, and the largest ever Australian budget surplus.
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311:'s missiles to expand their long-range strike capabilities and to establish domestic manufacturing of guided weapons. The measure aims to modernise the force and make Australia self-reliant.
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undergoes a major change, with the cost of prescription drugs set to halve as dispensing rules were changed. It is estimated this will save $ 1.6bn for patients over the next four years.
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and other payments in the next budget. The letter was co-signed by academics, business leaders, economists and politicians including Labor backbenchers. Prior to the budget's release the
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Australia released its annual report on rental affordability. Just 345 rentals (0.8%) were considered affordable to renters earning
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had recently warned Jim
Chalmers about the coming slow-down in the global economy. Concerns remained with the last two
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967:"Budget reply speech 2023: Peter Dutton withholds support for Jobseeker boost and doubles down on migration attacks"
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The budget was delivered during a period in which the rental market was described as a crisis. On 27 April 2023,
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765:"Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief"
308:
273:
of Gross
Domestic Product (GDP) is forecast for 2025-26 and then a decline to $ 28.5bn in the following year.
215:'s 2-3% target band. In the first quarter of 2023, the annual inflation rate slowed to 7.0%, from 7.8%. The
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521:"Jim Chalmers is a man on many missions. Here's what the treasurer's been up to ahead of the budget"
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898:"Federal budget to allocate $ 4bn for long-range missiles and Australian production of key weapons"
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318:, the government will fund an overhaul of services and non-financial supports to apprentices.
931:"Federal Budget: Funding boost in bid to stop decline of apprentices finishing trade courses"
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554:"Gloomiest outlook yet: Economy on knife-edge and facing consumer recession, says Deloitte"
348:'s Mayi Kuwayu research team to monitor the well-being of communities, and the rest to the
241:
300 signatories signed an open letter urging the government to increase the rate of the
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1000:"Key 'No' camps merge to form Australians for Unity to strengthen referendum campaign"
798:"Australia's government posts $ 14.2 billion budget surplus after 15 years in the red"
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A total of A$ 10.5 million has been allocated to improve mental health services for
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725:"First surplus in 15 years expected as Albanese government delivers second budget"
297:. Around 250,000 aged care workers will receive a 15% wage rise from 1 July 2023.
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wanted the
Commonwealth to increase the rent assistance payment by 50 per cent.
587:"Rental affordability worst ever seen for minimum wage earners, Anglicare says"
623:"Will the May 2023 federal budget provide stability for sectors in hot water?"
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834:"'Historic' pay rise for struggling aged care sector to cost budget $ 11.3bn"
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and essential surgery waiting times in the lead up to the budget's release.
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to fund government services and operations. The budget was presented to the
657:"Labor backbenchers join push for JobSeeker lift ahead of federal budget"
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866:"Pharmacy Guild collides with Labor over changes to dispensing rules"
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rises causing hardship for some households and the broader economy.
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in the JobSeeker allowance for most people, and $ 92.10 extra for
488:"Australia inflation slows in Q1, market leans against rate hike"
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National
Aboriginal Community Controlled Health Organisation
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on 9 May 2023. It was the second budget handed down by the
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praised the decision to raise aged care workers pay.
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486:Cole, Wayne (26 April 2023). Sarkar, Himani (ed.).
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864:Gould, Courtney; McLeod, Catie (25 April 2023).
253:made calls to increase JobSeeker to $ 76 a day.
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321:The budget included an increase of $ 40 per
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998:Morse, Dana; Bourchier, Dan (11 May 2023).
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475:– via The Commonwealth of Australia.
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655:Al-Khouri, Chantelle (26 April 2023).
199:since their election to government in
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447:"Budget 2023–24 Final Budget Outcome"
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251:Australian Council of Social Service
979:from the original on 1 October 2024
943:from the original on 1 October 2024
910:from the original on 1 October 2024
808:from the original on 1 October 2024
777:from the original on 1 October 2024
741:from the original on 1 October 2024
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667:Australian Broadcasting Corporation
633:from the original on 1 October 2024
599:from the original on 1 October 2024
566:from the original on 1 October 2024
533:from the original on 1 October 2024
500:from the original on 1 October 2024
467:from the original on 1 October 2024
365:Labor's stance against any form of
211:Inflation was still well above the
692:Bannister, Maeve (28 April 2023).
673:from the original on 27 April 2023
519:Hutchens, Gareth (19 April 2023).
356:Opposition and crossbench response
14:
621:Gimondo, Bianca (27 April 2023).
338:September/October 2023 referendum
178:2023–24 Australian federal budget
1100:
1012:from the original on 12 May 2023
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929:Dietsch, Jake (28 April 2023).
896:Hurst, Daniel (26 April 2023).
552:Wright, Shane (17 April 2023).
939:. West Australian Newspapers.
723:Hegarty, Nicole (8 May 2023).
342:Indigenous Voice to Parliament
302:Pharmaceutical Benefits Scheme
258:Australian Medical Association
1:
832:Ransley, Ellen (4 May 2023).
585:Kelly, Cait (26 April 2023).
1287:May 2023 events in Australia
763:Hannam, Peter (9 May 2023).
1282:2023 in Australian politics
329:55- to 60-year-old people.
307:$ 4bn was allocated to the
217:International Monetary Fund
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965:Karp, Paul (11 May 2023).
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1071:Australian federal budget
559:The Sydney Morning Herald
360:Leader of the Opposition
314:To stem a decline in new
213:Reserve Bank of Australia
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30:Australian federal budget
16:Federal government budget
309:Australian Defence Force
186:House of Representatives
39:House of Representatives
1272:2023 government budgets
800:. Canberra, Australia:
336:in the lead-up to the
334:Indigenous Australians
236:Homelessness Australia
197:Australian Labor Party
77:Australian Labor Party
412:Taxation in Australia
1005:ABC News (Australia)
407:Economy of Australia
379:United Workers Union
327:long-term unemployed
262:emergency department
260:called attention to
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1228:Albanese Government
1170:Morrison Government
936:The West Australian
67:Albanese government
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1267:Australian budgets
445:(September 2024).
103:Total expenditures
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842:. Nationwide News
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162:October 2022
87:Jim Chalmers
35:Submitted to
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871:news.com.au
839:news.com.au
286:Expenditure
1261:Categories
418:References
207:Background
63:Government
53:Parliament
48:9 May 2023
812:3 January
471:1 October
458:2205-6769
373:Reception
323:fortnight
295:aged care
268:Forecasts
243:JobSeeker
228:Anglicare
190:Treasurer
83:Treasurer
45:Presented
1166:Turnbull
1010:Archived
977:Archived
947:28 April
941:Archived
914:26 April
908:Archived
878:26 April
806:Archived
775:Archived
739:Archived
730:ABC News
705:28 April
677:27 April
671:Archived
662:ABC News
637:27 April
631:Archived
603:27 April
597:Archived
570:27 April
564:Archived
537:27 April
531:Archived
526:ABC News
504:26 April
498:Archived
462:Archived
385:See also
277:Revenues
148:/2023-24
1115:Gillard
493:Reuters
340:on the
291:A$ 11.3
180:is the
160:‹
142:.budget
140:archive
135:Website
126:34.0% (
113:Surplus
26:2023–24
24: (
22:2023–24
1162:Abbott
1016:13 May
983:13 May
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150:/index
846:4 May
781:9 May
745:9 May
465:(PDF)
450:(PDF)
73:Party
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1208:2020
1203:2019
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454:ISSN
377:The
300:The
256:The
201:2022
176:The
167:2024
152:.htm
144:.gov
123:Debt
346:ANU
188:by
146:.au
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