The Federal Budget for 2025-2026 was handed down by Treasurer Jim Chalmers at 7.30pm (AEST) on Tuesday 25th March 2025.
The Budget measures include:
- New tax cuts – more additional tax cuts to all Australian Taxpayers, with additional tax cuts in 2026-2027
- Extending energy bill relief – to the end of 2025 for every household and 1 million small businesses
- Strengthening Medicare – a record bulk billing investment of $7.9 billion for free GP visits
- Making healthcare more accessible – boosting access to essential heath services by investing in urgent care clinics, the public hospitals and the health workforce
- Better healthcare for women – more choice, lower cost and better care for Australian women throughout different stages of life
- Making it easier to buy and rent a home – expanding Help to Buy, doubling the funding for homelessness services and strengthening renters’ rights
- Investing in education – investing in every stage of education from early childhood to schools to permeant Free TAFE
- Cutting student debt – cutting student loan debt for 3 million Australians by a combined $19 million
- Supporting disaster recovery – support for communities, states and local governments affected by ex Tropical Cyclone Alfred
- Supporting small businesses – easing pressure and levelling the playing field for small businesses
- Building a future made in Australia – unlocking investment and securing Australia’s place in the world
- Investing in First Nations communities – $1.3 billion over 6 years to support stronger outcomes for First Nations Australia
- Support wellbeing – improving aged care, looking after veterans and supporting people with disability
- Investing in infrastructure – $17.1 billion over 10 years for road and rail in cities, regions and communities
Contact Advisory One today for further queries about the Budget or help with your business on 02 6324 5888 or email us at admin@advisoryone.com.au
Recent Comments