BREAKING: Your Federal budget 5-minute guide

Email Millions of Aussies will welcome tax cuts, bill relief and frozen medicine prices. But others will feel pain with the cost of living blowing out. See what’s in the budget and how it affects you.

View in browser 14th May 2024

Breaking News Alert Your Federal budget 5-minute guide Millions of Aussies will welcome tax cuts, bill relief and frozen medicine prices. But others will feel pain with the cost of living blowing out. See what’s in the budget and how i... READ MORE   More news Winners and losers in the Federal budget There’s a tax cut for every taxpayer, but don’t be fooled: there are still winners and losers in this year’s federal budget. See the full breakdown. READ MORE   Australia’s $1 trillion debt burden despite $9.3bn surplus Australia’s debt burden will still comfortably sail past one trillion dollars in the next two years, despite the government forecasting a surplus of $9.3bn this year. READ MORE   NSW short-changed despite win on Western Sydney road funding Federal funding to NSW is one of the few things that are down in Treasurer Jim Chalmer’s second budget, at the same time as more than 500,000 new migrants are expected to settle in... READ MORE   $9k worse off: Calculate how much tax you’ll get back Some Australian households will be more than $9000 worse off when it comes to tax cuts. Use our interactive calculator to see how much you’ll get. READ MORE   What Jim Chalmers said and what he actually meant Joe Hildebrand unpacks the budget speech — putting it in plain English to explain how it affects you. READ MORE   $4250 super boost and child care pay rise Working Aussie mums are set for a significant boost to their retirement nest egg, and child care workers are up for a raise as the government targets fraud. READ MORE   Beer, wine and spirits tax rakes in $8bn from drinkers Alcohol excise is forecast to earn $2.6bn from beer, $3.6bn from spirits and $1.8bn from other alcohol, according to the federal budget. READ MORE   Chalmers sets stage for early election with $300 bet on Labor Putting more money into the economy means more inflation. But the Treasurer thinks he has found a way around this fact, or at least a way to hold off reality for a little while READ MORE   Bikies, drugs and illegal tobacco imports targeted Bikies and underworld figures involved in organised crime are being targeted to stop cocaine and ice, while illegal tobacco imports that have sparked firebombings are also being hi... READ MORE   $468m to stop dodgy NDIS therapy rorts and fraud Millions of dollars will be spent in getting the NDIS back on its feet amid growing evidence of providers taking advantage of participants and taxpayer funding. READ MORE   Cost of medicines frozen: What you’ll pay The price of medicines is being frozen — but one group of Aussies won’t face a price hike for a lot longer than everyone else. See how much your medicines will cost. READ MORE   $6.2bn housing pledge misses mark for homebuyers The much-championed $6.2bn pledge to address our housing crisis has fallen flat with the bulk of the money going towards infrastructure and not actual homes. READ MORE   Albo’s $100m army ready for war and Chinese spies More than $100 million will be spent on preparing Australia for war as the government stops Chinese spies hacking into the country’s systems. READ MORE   Budget bets billions on big cars over EVs The Federal Government is betting its bottom line on diesel and petrol cars despite its determined push motorists for green machines. READ MORE   Newsletters Today's Paper +Rewards Want to change how you receive these emails? Manage your newsletter preferences or unsubscribe from this newsletter. Sent by The Daily Telegraph, 2 Holt Street Surry Hills, NSW 2010 Australia.