The latest federal budget has been handed down, but who are the main winners and losers in the Albanese government’s second fiscal blueprint?
WINNERS AND LOSERS IN THE 2023/24 BUDGET
WINNERS
Welfare recipients – Extra $40 a fortnight
Aged care workers – 15 per cent pay rise
Clean energy sector – Incentives for households and businesses
Renters – 15 per cent lift in Commonwealth Rent Assistance
Patients – More bulk-billing and after-hours care
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LOSERS
Smokers – Five per cent hike in tax every year for three years
Multinationals – 15 per cent global minimum tax
Wealthy retirees – Higher tax for balances over $3 million
Offshore gas producers – Extra revenue from Petroleum Resource Rent Tax
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