Treasurer Jim Chalmers announced a $7.8bn cost-of-living package in Australia's Federal Budget 2024, providing $3.5bn for further power bill subsidies.
Treasurer Jim Chalmers announced a $7.8 billion cost-of-living package in Australia's Federal Budget 2024, providing $3.5 billion for further power bill subsidies. This includes $300 in quarterly installments for over 10 million households and $325 rebate for approximately one million small businesses. The government's energy bill relief measures aim to reduce headline inflation by half a percentage point and help alleviate rising costs of living.
May 14, 2024
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