More than 5 million Australian households and 1 million businesses are set to receive financial support with their rising energy bills under a $1.5 billion package in Tuesday's federal budget. 9News
announced there would be a on-off payment of up to $500 in power relief, but the figure will differ state to state.
"Our job as a government is to take the edge off these cost of living pressures... This budget the people doing it toughest," he said.Labor's federal budget will be centered around providing cost-of-living relief to vulnerable Australians, Treasurer Jim Chalmers says. The treasurer hinted the budget would show a lower-than-expected unemployment rate which could lead to a shock surplus.The Australian government's gross debt is currently hovering around $900 billion and is tipped to hit the $1 trillion mark by 2025-26.
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