The Oct 2022 Federal Budget has landed.

It’s Budget night (again).

About the Oct 2022 Federal Budget.

This evening, Federal Treasurer Dr Jim Chalmers has handed down his first Budget from Parliament House in Canberra.

With this Budget, Labour has outlined its plans for revenue and expenditure. Moreover, we’ve gained good insight into the new Government’s priorities for the coming term.

This is the second Federal Budget to be handed down in 2022. The Liberals delivered the first in late March. With May’s election and the change of leadership, however, it’s now Labor’s turn to share their vision for Australia’s future.

As expected, the Budget has far-reaching impacts; on Australian households, businesses, our economy and our position on the world stage.

Expert analysis from trusted advisers.

What does Budget mean for you?

In our latest video, we’ll help you unpack what the Budget means for real people, real businesses and households across Australia.

Watch the highlights here.

Your questions.
Our answers.

Why are there two Federal Budgets in 2022?

There are two Federal Budgets being handed down this year. This is due to the election and change of government in May.

The first Budget was handed down by the Liberal Government in late March 2022. However, the Labor Party won the Federal election shortly thereafter (in May 2022).

Part of Labor’s election promises included commitments to hand down a new Budget on 25 October 2022.

What is addressed in the October 2022 Federal Budget?

The October 2022 Federal Budget details the new Government’s plans for revenue and spending. Further, it indicates the Government’s key priorities for the coming term.

This Budget addresses key areas and themes like:

• climate change;
• employment;
• education and skill training;
• gender equity;
• cost of living;
• aged care;
• the NDIS and health policy;
• infrastructure;
• defence, tax, banking and super; and
• international affairs.

Where can I learn more?

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You can also learn more about Federal Budgets here.