Federal Budget 2024: Winners and Losers – ABC News

Treasurer Jim Chalmers has handed down the government’s third budget. Have a look at what’s new — and what’s in it for you.

Women

The largest measure most closely targeted to supporting women was already announced by the federal government ahead of the budget.

That’s an almost $1 billion commitment to make a $5,000 payment for women fleeing violent relationships permanent in the budget, a scheme first trialled by the Morrison government.

Another $1 billion will be put towards crisis and transitional accommodation for women and children fleeing domestic violence.

Superannuation will also be paid on Commonwealth-funded paid parental leave from July next year, a measure that will help to close the gap in men’s and women’s savings at retirement.

That will cost another $1.1 billion over four years, and $623.1 million each year after.

Source: Federal Budget 2024: Winners and Losers – ABC News

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.