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Albanese Budget: Tax Shifts, Housing Boost, Health Funding
Description
Australias Albanese government presents a budget with tax changes, housing boosts, and health funding increases. The deficit shrinks, net debt climbs, and growth dips slightly. Inflation eases. Investors face tax changes, while wage earners get a tax offset. Small businesses receive instant asset write-off and loss carry-back refund. Housing gets a boost with funding for sewers and roads. Health funding jumps with medicine and hospital investments. Fuel and fertilizer supplies secured, gas reserved, NDIS trimmed, and red tape cut to boost productivity.
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