The Albanese Labor Government is increasing working‑age and student payments and Commonwealth Rent Assistance, as part of the Budget’s $14.6 billion cost‑of‑living package.

The Albanese Government’s second Budget is ensuring Australia can reach its potential as a renewable energy superpower, with $2 billion for a new Hydrogen Headstart program to scale up development of Australia’s renewable hydrogen industry.

The Albanese Government is taking action to drive down household and business energy costs and make homes and businesses cheaper to run.

The 2023‑24 Budget continues the Albanese Government’s work to strengthen the nation’s finances while laying the foundations for a stronger, fairer and more resilient economy into the future.

The Albanese Government’s 2023‑24 Budget addresses the immediate challenges Australians are facing, better shares the opportunities in our society and builds a stronger and more secure economy.

The Albanese Government will introduce changes to the Petroleum Resource Rent Tax (PRRT) to deliver a fairer return to the Australian community from their natural resources.

The Albanese Government will require super to be paid on payday, a reform that will benefit the retirement incomes of millions of Australians.

Small business operators will be front and centre in next month’s Budget with a new tax incentive to help propel their energy transformation.

The latest ABS data confirms that inflation has passed its peak and is beginning to moderate. 

The Albanese Government is making Australia’s world‑class superannuation system more sustainable and fairer with one modest change that affects less than 0.5 per cent of all Australians.