Media releases


Future Made in South Australia

The Albanese Government is providing $65 million to investigate and progress planning for Northern Water – a project which could deliver desalinated water to support renewable industries and develo

Real wages keep growing under Labor

Annual real wages are now growing even more strongly after falling dramatically under the former government.

Cost of living help and a future made in Australia

This is a responsible and restrained Budget which eases cost of living pressures and invests in a Future Made in Australia.

Delivering responsible economic management

The Budget forecasts the first back‑to‑back surpluses in nearly two decades.

Investing in a Future Made in Australia

The Albanese Labor Government will invest in a Future Made in Australia plan to bring new jobs and opportunities to communities in every part of our country.

Easing cost‑of‑living pressures

Helping Australians with the cost of living is our Government’s number one priority.

New power bill relief

The Albanese Labor Government will provide a $300 energy bill rebate to every household and additional energy bill relief to small businesses as part of the responsible cost of living help in the B

Tax reform to ease cost‑of‑living pressure, support investment and a Future Made in Australia, and create a fairer system

The Albanese Labor Government is delivering a tax cut for every taxpayer because we want hardworking Australians to keep more of what they earn.

Establishing a single front door for major investors

The Albanese Labor Government will establish a new front door for investors with major, transformational investment proposals to make it simpler to invest in Australia and attract more global and d

Multi-billion-dollar investment to build more homes for Australians

The Albanese Labor Government will make significant new housing investments in next week’s Budget to help deliver our comprehensive Homes for Australia plan.

$467 million to build a better Bruce Highway

The Albanese Government is investing an extra $467 million in the Bruce Highway through the Budget to improve the safety and capacity of the Queensland’s major north‑south road link.

Reserve Bank’s interest rate decision

Today’s decision by the independent Reserve Bank means by the time the board next meets we will be approaching eight months since interest rates went up.

Reforms to strengthen Australia’s foreign investment framework

The Albanese Government will reform and renew our foreign investment framework to make it work better for investors, our economy, and our national interest.

Supporting the most vulnerable in our community

Today we are releasing the Economic Inclusion Advisory Committee’s second report as well as a progress update on the Albanese Government’s actions to tackle disadvantage in our community.

Annual inflation almost halved under Labor

New data shows inflation has now almost halved since the Albanese Labor Government came to office. It’s still too high, people are still under the pump, but we’re making progress.

Australia extends tariff relief for Ukraine

Australia will extend tariff relief as part of its support for Ukraine and its people in response to Russia’s brutal full-scale invasion.

Australia climbs to second in budget management ranking

Australia has achieved a remarkable improvement in a global ranking of budget positions, according to the latest figures from the International Monetary Fund.

G20, IMF and World Bank meetings in the US

This week I will join my international counterparts for the G20 Finance Ministers’ and Central Bank Governors’ Meeting and the IMF – World Bank 2024 Spring Meetings in Washington DC.

Merger reform for a more competitive economy

The Albanese Government will reform Australia’s merger rules to boost competition and productivity in our economy.

Building more affordable rental homes

The Albanese Government is working to boost the construction of rental housing as part of its broad and ambitious plan to build more homes in Australia.