THE FEDERAL BUDGET AT A GLANCE
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* Budget deficit of $13.9 billion in 2023/24
* Commonwealth net debt to rise to $574.9 billion (22.3 per cent of GDP) in 2023/24
* Economic growth to fall to 1.5 per cent in 2023/24
* Unemployment rate to rise to 4.25 per cent in 2023/24
* Inflation as measured by CPI to be 3.25 per cent in 2023/24
* Wages to rise by four per cent in 2023/24
KEY MEASURES
* Energy bill relief for five million households and one million businesses
* Triple bulk-billing incentives and more funding for urgent care clinics
* Base rate of JobSeeker and other payments to be raised for 1.1 million households
* Commonwealth Rent Assistant rise for 1.1 million households
* Housing boost including tax breaks for build-to-rent investors
* $4 billion extra for renewable energy
* Tax breaks for small business to write-off assets and reduce energy costs
* Targeted help for jobless aged over 55
* Cut to cost of medicines
Australian Associated Press
