Australian Government Unveils $17.1 Billion Tax Cuts in 2025 Budget

The budget prioritizes cost-of-living relief, healthcare investments, and economic resilience as deficits return and debt surpasses $1 trillion.

• The 2025 federal budget introduces $17.1 billion in tax cuts, reducing the lowest tax rate from 16% to 15% in 2026-27 and further to 14% in 2027-28.
• A $1.8 billion extension of energy rebates will provide households with $150 in relief during the second half of 2025.
• The budget allocates $8.5 billion to Medicare, expanding bulk billing and improving healthcare access, alongside new funding for women's health and cheaper medicines.
• Investments include $3 billion for local green metals production and $20 million to promote Australian-made goods, aiming to bolster economic competitiveness.
• Deficits return with a projected $42 billion shortfall in 2025-26, and gross government debt is forecast to exceed $1 trillion for the first time.

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