The 2024-25 Federal Budget is Here. Are you ready to play along?

The Price is Right: Budget 2024-25

The Treasurer is promising that inflation will decline by 0.75% as a direct result of the
2024-25 Federal Budget initiatives including energy relief for all households, a boost to Commonwealth Rent Assistance, and the freezing of the maximum co-payment on the Pharmaceutical Benefits Scheme.

This is a pre-election budget for the people with everyone getting a little something to ease cost of living pressures. Like the Price is Right gameshow, it will all come down to the price paid at the checkout. If the consumer price index (CPI) returns to target by the end of 2024 off the back of the Budget initiatives as the Government anticipates, the Reserve Bank of Australia (RBA) may be inclined to reduce interest rates.

Click the button below to read our full Budget Breakdown