Jim Chalmers 2022

The Hon Dr Jim Chalmers MP
Treasurer

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The Hon Dr Jim Chalmers MP
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Treasurer

New power bill relief

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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 Budget.

Just like every taxpayer is getting a tax cut, every household will now get energy bill relief under the Albanese Government.

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

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

This Budget continues our government’s methodical approach to tax reform and includes measures to make meaningful tax changes to benefit all Australians, support investment, build a Future Made in Australia and strengthen compliance.

Budget Speech 2024–25

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

Cost of living help and a future made in Australia

On this Ngunnawal land we acknowledge all the First Nations people of this country and the custodians, customs and cultures which guide and inspire us.

This is a Budget for the here‑and‑now and it’s a Budget for the decades to come.