Easing the cost of living is Labor's "number one priority" as the federal budget remained in the black with a surplus of $9.3 billion announced. Here's a breakdown of key commitments in the 2024-25 budget including who gets what.
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00:00Our main priorities are helping with the cost of living, building more homes for Australians,
00:06investing in a future made in Australia.
00:31The average wage in Australia is $73,000.
00:35A person earning that will now get a tax cut of more than $1,500 a year.
01:00Those eligible will be able to access up to $5,000 in financial support
01:14along with referral services, risk assessments and safety planning.
01:30A person earning that will now get a tax cut of more than $1,500 a year.
01:36A person earning that will now get a tax cut of more than $1,500 a year.
01:42A person earning that will now get a tax cut of more than $1,500 a year.
01:48A person earning that will now get a tax cut of more than $1,500 a year.
01:54A person earning that will now get a tax cut of more than $1,500 a year.
01:58A person earning that will now get a tax cut of more than $1,500 a year.
02:02A person earning that will now get a tax cut of more than $1,500 a year.