 | |
| Submitted to | House of Representatives |
|---|---|
| Presented | 14 May 2024 |
| Parliament | 47th Parliament of Australia |
| Party | Australian Labor Party |
| Treasurer | Jim Chalmers |
| Total revenue | A$711.5 billion[1] |
| Total expenditures | A$734.5 billion[1] |
| Tax cuts | A$1,888 on average[1] |
| Debt payment | A$23.8 billion[1] |
| Surplus | A$9.3 billion[1] |
| Deficit | A$28.3 billion[1] |
| Debt | 33.9% of GDP[1] |
| Website | budget |
|
‹ 2023 2025› | |
The 2024 Australian federal budget was delivered on budget night at 7:30pm on Tuesday, 14 May 2024 by Treasurer Jim Chalmers.[2] The budget will dictate how the Australian Government will allocate an estimated A$715 billion across the federal government, and to state and territory governments.[1] It is the third federal budget handed down by the Labor Party since their victory in 2022. The consultation period described the budget as focused on support for Australians and creating a "stronger, more inclusive and more sustainable economy".[3]
- ^ a b c d e f g h Chalmers, Jim; Gallagher, Katy (14 May 2024). "Budget Paper 1: Budget Strategy and Outlook" (PDF). Budget 2024–25. ISSN 1326-4133. Archived (PDF) from the original on 30 September 2024. Retrieved 2 June 2024 – via The Commonwealth of Australia.
- ^ "Budget 2024-25". Budget.gov.au. Archived from the original on 19 April 2024. Retrieved 20 April 2024.
- ^ "2024-25 Pre-Budget submissions". Treasury. 25 January 2024. Archived from the original on 20 April 2024. Retrieved 20 April 2024.