Australian Federal Budget 2023-24

The Government outlines a ‘responsible and affordable’ Budget as it forecasts Australia’s first surplus in 15 years.

Australian Treasurer Jim Chalmers handed down Labor’s first full-year Budget on Tuesday 9 May, featuring a range of key measures that members need to know.

Faced with the challenge of rising inflation, this Budget outlines a carefully calibrated approach to alleviate pressure on cost of living, ensure superannuation is paid with wages and introduce tax measures to reduce future deficit.

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