US EditionWhat's in the federal budget for you?
- Labor is projected to allocate about $730 billion in the budget, focusing on combating inflation as a key government priority, according to Professor Robert Brooks.
- The budget will be in deficit, meaning the government is spending more than it earns, which Labor must consider ahead of the federal election on May 17.
- Workers on average earnings will receive an additional $536 tax cut from 2027-28, which will put more cash in customers' pockets, as outlined in the budget details.
- The Australian government aims to enhance local businesses with a $20 million budget for a 'Buy Australian' campaign, according to Jim Chalmers.
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What the federal budget holds for businesses
Businesses reliant on Australian workers to buy their goods and services will cheer news the federal budget will leave more cash in the pockets of their customers. But firms may face more competition to hang on to their staff, with reforms to abolish non-compete clauses for most workers.
·Australia
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Cost of living, housing, and health policies: Why you should care about the federal budget
The government is set to allocate hundreds of billions of dollars in public funds in tonight's budget, impacting both Australian households and the broader economy. Here's why it matters to your finances.
·Sydney, Australia
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Total News Sources10
Leaning Left4Leaning Right2Center0Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 33%
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