What to expect from Tuesday’s Federal Budget

KPMG Tax Policy Partner Alia Lum and Chief Economist Brendan Rynne share their insights and analysis ahead of tonight's Federal Budget in Canberra.

The Federal Budget, on Tuesday, carries significant weight as it will shape the Federal Labor Government’s agenda going into the last 12 months before the next election. The Government will try to juggle the conflicting imperatives of addressing cost-of-living challenges, fostering economic growth, and navigating stubborn inflationary pressures. One of the key highlights of the budget is the promise of a second consecutive surplus. KPMG anticipates a surplus in the order of around $1...

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Authors: Alia Lum, Brendan Rynne

Published Date: 14 May 2024