Australia

Federal Budget

How will Labor’s plan for a better future respond to our present economic challenges?

On Tuesday 25 October, the Albanese Labor Government will hand down its first Federal Budget.

Despite having recently announced a $50bn improvement to the budget bottom line, Treasurer Jim Chalmers has said that rising interest rates and a deterioration in the global situation likely means we have “rocky terrain to climb for the next six to 12 months”.

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2022-23 October Budget Analysis