"It'll be solid. It'll be sensible. It'll be suited to the times," Dr Chalmers told Channel 7.
The Treasurer said the Budget will balance inflationary pressures with rising living costs and stagnant wage growth.
It’s a “responsible” budget that will be “family friendly” and “steady and stable”.
Further costs include hospital spending to increase over the next four years by 6.1 per cent, aged care by 5.5 per cent and defence spending will grow by 4.4 per cent.
In addition, the National Disability Insurance Scheme is set to increase by 12.1 per cent annually over the same period.
Other predictions we can expect include:
- Stage 3 tax cuts
- More affordable medicines
- Covid-19 Improved response measures
- Cheaper childcare commitment
- Fuel excise to ease cost-of living pressures
- Free TAFE places
- University places for under-represented students
- Accelerated Visas for working migrants
- Critical mineral and research projects
- Construction of road and rail projects
- Paid parental leave
- Restoring the Great Barrier Reef
- Strengthening Pacific ties
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