The Treasurer delivered the Federal Budget on Tuesday 9 May 2023
Budget documentsDocuments highlighting the key measures in the 2023–24 Budget
Overview documents
Delivering cost‑of‑living relief
To help with cost‑of‑living pressures and supporting Australians most in need
Strengthening Medicare
To ensure Australians can get the primary health care they need
Growing the economy
Modernising our economy and maximising our strengths
Broadening opportunity
Advancing equality and extending opportunity across the country
Strengthening the Budget
Putting the Budget on a stronger foundation to make Australia more resilient and secure
Find Budget priorities
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Easing pressure on households and small businesses
The Government's Energy Price Relief Plan shields Australians from the worst impacts of price increases and provides immediate help with power bills.
Household Energy Upgrades Fund
The $1.3 billion Household Energy Upgrades Fund will create low‑interest loans and fund upgrades to social housing to improve energy performance.
Boosting renewable energy generation
This Budget accelerates investment in renewable energy through the Capacity Investment Scheme, which will unlock over $10 billion of investment in our grid.
Tripling bulk billing incentives
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.
Expanding access to Parenting Payment (Single)
The Government recognises single parents experience higher rates of financial hardship and extra barriers to employment.
Increase to Commonwealth Rent Assistance
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.
Broadening opportunity for hard working Australians
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.
Cheaper Child Care commencing
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.
Strengthening Medicare
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.
Better protecting our environment
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.
National Reconstruction Fund
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.
Protecting Australians against scams and data breaches
To reduce the prevalence of scams, the Government is allocating $86.5 million to establish a National Anti‑Scam Centre.
Modern, responsive vocational training sector
The Government is negotiating with the states and territories on a new 5‑year National Skills Agreement to commence from 1 January 2024.
Developing a Migration Strategy
The development of a Migration Strategy to ensure the system delivers for Australians and migrants.
National Plan to End Violence Against Women and Children
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.