The Australian Federal Government has unveiled its much-anticipated 2025 Budget, centred on addressing the nation's growing cost-of-living crisis. Treasurer Jim Chalmers presented the package to Parliament on Tuesday, outlining measures designed to provide immediate relief to households and small businesses alike.
Among the headline announcements is a $1,500 energy bill rebate for eligible households, extending the existing relief program for another 12 months. The government also confirmed a 3% increase to Commonwealth Rent Assistance, the largest hike in over three decades.
"We know Australians are doing it tough," the Treasurer said during his budget speech. "This budget is about making life a little easier for the people who need it most, while keeping inflation on a downward path."
Opposition Leader Peter Dutton criticised the spending measures as insufficient and warned of inflationary risks. Economic analysts are divided, with some praising the targeted approach and others questioning the long-term fiscal sustainability.
The budget also includes a record $2.7 billion investment in Medicare and public health services, alongside funding boosts to childcare, housing, and disaster preparedness infrastructure.