Analysis
It was a plan “for the here and now, and the decades to come,” federal Treasurer Jim Chalmers promised in his opening remarks in the government’s official Budget speech (or, as it’s officially known, the Appropriation Bill No. 1).
Budget 2024: Australians to Enjoy Short-Term Gain for Long-Term Pain Under Budget
The Labor government is set to spend $215 billion more than it earns over the next five years.
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Australia’s Treasurer Jim Chalmers delivers his budget speech at Parliament House in Canberra, Australia on May 14, 2024. Tracey Nearmy/Getty Images
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