 | |
| Submitted to | House of Representatives |
|---|---|
| Presented | 14 May 2024 |
| Parliament | 47th Parliament of Australia |
| Party | Australian Labor Party |
| Treasurer | Jim Chalmers |
| Total revenue | A$711.5 billion[1] |
| Total expenditures |  A$734.5 billion[1] |
| Tax cuts |  A$1,888 on average[1] |
| Debt payment |  A$23.8 billion[1] |
| Deficit | A$28.3 billion[1] |
| Debt | 33.7% of GDP[1] |
| GDP | A$2.33 trillion[2] |
| Website | budget |
|
‹ 2023 2025› | |
The 2024–25 Australian federal budget was delivered on budget night at 7:30pm on Tuesday, 14 May 2024 by Treasurer Jim Chalmers.[3] The budget will dictate how the Australian Government will allocate an estimated A$715 billion across the federal government, and to state and territory governments.[4] It will be the third federal budget handed down by the Labor Party since their victory in the 2022 Australian federal election. The consultation period described the budget as focused on support for Australians and creating a "stronger, more inclusive and more sustainable economy".[5]
- ^ a b c d e f Chalmers, Jim (14 May 2024). "Budget Paper 1: Budget Strategy and Outlook" (PDF). Budget 2024–25. Retrieved 2 June 2024.
- ^ "Australia Country Data". The World Bank. 2022. Retrieved 2 June 2024.
- ^ "Budget 2024-25". Budget.gov.au. Archived from the original on 19 April 2024. Retrieved 20 April 2024.
- ^ Chalmers, Jim (9 May 2023). "Budget Paper 1: Budget Strategy and Outlook" (PDF). Budget 2023-24. Archived (PDF) from the original on 22 April 2024. Retrieved 20 April 2024.
- ^ "2024-25 Pre-Budget submissions". Treasury. 25 January 2024. Archived from the original on 20 April 2024. Retrieved 20 April 2024.
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