Jim Chalmers 2022

The Albanese Government is taking action to stop unfair non‑compete clauses that are holding back Australian workers from switching to better, higher‑paying jobs.

We will ban non‑compete clauses for most workers that have no justification and drag down wages.

This Budget is backing workers, boosting wages and building a stronger economy.

The Albanese Government will deliver two more tax cuts to every Australian taxpayer in 2026 and 2027, adding to the first round that Labor delivered in July last year.

Every Australian taxpayer gets another tax cut from next year – all 14 million, not just some.

This will give a top up to every taxpayer, right up and down the income scale.

The Albanese Government is building a stronger economy and stronger Budget, with smaller deficits and much lower debt than we inherited.

Responsible economic management is a defining feature of this Government and this Budget.

The Albanese Labor Government will provide another $150 in Energy Bill Relief, extending our energy rebates until the end of 2025.

This responsible cost of living relief measure will help every household and small businesses.

This is a responsible Budget that helps with the cost of living, while Building Australia’s Future.

We are delivering more tax relief for every Australian taxpayer, more energy bill relief and cheaper medicines.

We are strengthening Medicare, investing in housing and education, advancing reforms to make our economy stronger, and building a Future Made in Australia.

The Albanese Labor Government is securing Australia’s future during a time of global uncertainty by making our economy more productive and more resilient.

Our best defence against global pressures is a stronger economy, and that’s what we are building in this Budget.

Cost of living is front of mind for most Australians, and front and centre in the Budget.

The Albanese Government is delivering responsible and meaningful cost of living relief for Australian families.

We’re providing more hip pocket help for households.

The centrepiece of the Budget is more tax cuts for every taxpayer, which will benefit 14 million Australians.

Sabra Lane:

The federal Treasurer joins us now, Jim Chalmers, welcome.

Jim Chalmers:

Thanks very much, Sabra.

Lane:

Are there any surprises left tonight?

Chalmers:

I move that the Bill be now read a second time.

Turning the corner, together

And I acknowledge the Ngunnawal people here, and the Yagara and Yugambeh back home.

Speaker –

This Budget builds on the progress we’ve made, together.

It’s a plan to help with the cost of living –

With 2 new tax cuts, and higher wages –

Ashleigh Raper:

Hello Treasurer, and welcome.

Jim Chalmers:

Thanks very much Ash.

Raper:

Is this the Budget you didn’t want to do?

Chalmers: