May 15, 2024
Australia’s Federal Budget 2024-25
Dive into the intricacies of Australia's Federal Budget 2024-25 presented by Treasurer Dr. Jim Chalmers. With a projected surplus of $9.3 billion, the budget aims to alleviate the burden of living costs, strengthen healthcare via Medicare, and fortify economic stability. Notable tax reforms entail the extension of instant asset write-offs for businesses, incentives for hydrogen and critical minerals production, and enhancements to foreign resident CGT regulations. Additionally, the budget allocates resources for rental assistance, electricity bill relief, student debt alleviation, housing endeavors, and apprentice support. Explore the revised tax brackets and thresholds, underlining the ongoing commitment to Australians' financial welfare.
Read full post