Budget 2024 live updates: reaction and fallout from the Australia federal budget – latest news
Question time under way after Treasurer grilled on inflation and migration during National Press Club address. Follow today’s news and 2024 federal budget reaction liveFind our full coverage of the 2024 budget hereGet our morning and afternoon news emails, free app or daily news podcastJim Chalmers said the government didn’t create a new system for the energy payments (so everyone gets it) because it is done through the energy retailers, who don’t have people’s income data.It’s not a cash payment paid directly to you – instead, it is paid through the energy sector, which takes money off your bill. In this case, $75 a quarter.I don’t see it in political terms. I think primarily the motivation of this budget is to help people who are doing it tough. More help is on the way for people who are doing it tough via the tax system, via their energy bills and with rent assistance and cheaper medicines and in other ways as well. That’s our primary motivation.Once you go beyond providing this to people on pensions and payments, you have to design a whole new system in order to create a new distinction. We are providing this energy bill relief to every household. We think that’s a good way to help things make things easier. Some of the other measures are more targeted. Continue reading...
Question time under way after Treasurer grilled on inflation and migration during National Press Club address. Follow today’s news and 2024 federal budget reaction live
- Find our full coverage of the 2024 budget here
- Get our morning and afternoon news emails, free app or daily news podcast
Jim Chalmers said the government didn’t create a new system for the energy payments (so everyone gets it) because it is done through the energy retailers, who don’t have people’s income data.
It’s not a cash payment paid directly to you – instead, it is paid through the energy sector, which takes money off your bill. In this case, $75 a quarter.
I don’t see it in political terms. I think primarily the motivation of this budget is to help people who are doing it tough. More help is on the way for people who are doing it tough via the tax system, via their energy bills and with rent assistance and cheaper medicines and in other ways as well. That’s our primary motivation.
Once you go beyond providing this to people on pensions and payments, you have to design a whole new system in order to create a new distinction. We are providing this energy bill relief to every household. We think that’s a good way to help things make things easier. Some of the other measures are more targeted. Continue reading...
