The Treasurer delivered the Federal Budget on Tuesday 9 May 2023Budget documents
Documents highlighting the key measures in the 2023–24 BudgetOverview documents
To help with cost‑of‑living pressures and supporting Australians most in need
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The Government's Energy Price Relief Plan shields Australians from the worst impacts of price increases and provides immediate help with power bills.
The $1.3 billion Household Energy Upgrades Fund will create low‑interest loans and fund upgrades to social housing to improve energy performance.
This Budget accelerates investment in renewable energy through the Capacity Investment Scheme, which will unlock over $10 billion of investment in our grid.
The Government is investing $3.5 billion over 5 years to make it easier and cheaper to see a doctor and strengthen the foundations of Medicare.
The Government recognises single parents experience higher rates of financial hardship and extra barriers to employment.
We are increasing the maximum rates of Commonwealth Rent Assistance by 15 per cent at a cost of $2.7 billion over 5 years, the largest increase in over 3 decades.
Meaningful wages growth is a key part of the solution to cost‑of‑living pressures. One of the Government’s first actions was to support a pay rise for low‑paid workers.
Delivering Cheaper Child Care from July this year, by cutting the cost of care for around 1.2 million families, making it easier for parents and carers, particularly women, to participate in the workforce and more children can access the benefits of early education.
Medicare is the foundation of Australia’s primary health care system. In this Budget, the Government is investing $5.7 billion over 5 years from 2022‑23 to strengthen Medicare and make it cheaper and easier to see a doctor.
In addition to establishing an independent agency, Environment Protection Australia, to enforce Commonwealth environment laws, Government will also establish Environment Information Australia to improve transparency and decision‑making.
The Government has committed $15 billion to the National Reconstruction Fund, one of the largest investments in manufacturing in Australia's history. This will support our regions and help create secure, well‑paying jobs.
To reduce the prevalence of scams, the Government is allocating $86.5 million to establish a National Anti‑Scam Centre.
The Government is negotiating with the states and territories on a new 5‑year National Skills Agreement to commence from 1 January 2024.
The development of a Migration Strategy to ensure the system delivers for Australians and migrants.
The Government is committed to working with states and territories to end gender‑based violence within a generation through the National Plan to End Violence Against Women and Children 2022‑32.