Treasurer Jim Chalmers has handed down his fourth federal budget, with cost of living relief front and centre.
So, with a federal election still yet to be called - is this budget the governments attempt at winning voters?
Mamamia's news writer Ailish Delaney joins us straight from budget lockup in Canberra to unpack the budget and find out exactly what it means for you.
THE END BITS
Support independent women's media
Check out The Quicky Instagram here
Tell us what's important to you this election: Take the Mamamia Votes survey here
LISTEN
The Health Minister's Urgent Care Promise
The Breakthrough Meds Helping One in Seven Australian Women
The Reason Your Weekly Shop Costs More Than It Should
GET IN TOUCH
Share your story, feedback, or dilemma! Send us a voice note or email us at thequicky@mamamia.com.au
CREDITS
Hosts: Taylah Strano & Claire Murphy
Guests: Ailish Delaney, Mamamia's News Writer
Executive Producer: Taylah Strano
Audio Producer: Lu Hill
So you're listening to a Muma Mea podcast. Mumma Mea acknowledges the traditional owners of land and waters that this podcast is recorded on.
Hey, I'm Taylor Straano.
This is Mumma MEA's twice daily news podcast, The Quickie. Last night, Treasurer Jim Chalmers handed down his fourth federal budget.
The credit belongs to Australians in every corner of our country. We've come a long way together, but there is more work to do. This budget is our plan for a new generation of prosperity in a new world of uncertainty.
We with an election required to be held by May seventeen, this budget is being viewed by many as labours pitched to voters for a second term. Before we dive into what the budget means for you, here's Clam Murphy. We're the latest from the QUICKI newsroom for Wednesday, March twenty six.
Thanks Taylor. Shadow Treasurer Angus Taylor says the Coalition will not support extra tax cut outlined in last night's budget, calling the measure a cruel hoax. Mister Taylor says the tax cut for all taxpayers, which will see a reduction of up to two hundred and sixty eight dollars from July and five hundred and thirty six dollars the following year, working out to an extra ten dollars a week in Australian pockets. Is a big spending, big taxing budget which is for the next five weeks, not the next five years. Mister Taylor did not say whether the Coalition would offer its own form of tax relief or any other cost of living measures they may introduce if they are to win at the upcoming election. Opposition leader Peter Dupton said the budget won't help address the financial stress Australian families are under and it's nothing more than an election bribe by a week. Prime Minister the Green's leader Adam Band said his party would support the tax cuts, Treasurer Jim Chalmers saying that they know the amount seems modest in isolation, but that the government thinks it's meaningful in combination with all of the tax cuts they've provided and other cost of living measures they're rolling out. A new venue was announced the upcoming Brisbane Olympic Games yesterday, but it's already facing a challenge. Brisbane twenty thirty two Boss Andrew Liveris revealed the new sixty three thousand seat main stadium yesterday, to be located at the inner city Victoria Park. It's the centerpiece of a plan delivered almost four years after Brisbane was named as the host city and amongst growing concerns they're running out of time to deliver a result ready for the Games in seven years time. Miss Deliverer said that this is a go get it done plan and they were ready to go get it done. However, it may not be that simple. The Save Victoria Park protest group is crowdfunding a potential legal challenge that could threaten the stadium's development. The group claiming the venue would destroy valuable green space at a site significant to First Nations communities. They're also arguing the Premier David cris a fully broken election promise when he insisted no new stadiums would be built for twenty thirty two. Democrats are calling for the resignation of US officials involved in the incident that saw a journalist added to a group discussing sensitive military details. The Director of National Intelligence Toulsy Gabbard and CIA director John Ratcliffe, who were both involved in the group messaging on signal testified before a Senate Intelligence committee overnight, claiming that no classified material was shared, an answer that saw disbelief and outraged amongst national security experts after the journalists revealed that the group chat was about an attack on Hooty rebels and Yemen, and included details on pending strikes and information about targets, weapons the US would be deploying and attack sequencing. Democratic Senator Ron Wyden said he was of the view that there ought to be resignations, starting with the National Security Advisor, Mike Waltz and the Secretary of Defense Pete Hegsith, with confusion as to which of those actually added the journalist to the chat. The White House says they're looking into the incident. President Donald Trump claimed he has no knowledge of it, and then expressed his support for Mike Waltz, saying he's learned his lesson and he's a good man. French actor Gerard Debadieux has acknowledged that he used crude language around a woman who's accused him of sexual assault, but denies actually assaulting her. Depudieu has testified for the first time at his trial in Paris, telling the court he sometimes had a potty mouth, and that he was capable of trash talk. He also admitted he was wrong to use heated language with the woman after they had an argument on set about a painting. He also admitted that he did grab the woman's hips during that argument, but that the gesture had not been ill intentioned, arguing she had not appeared offended at the time and didn't answer as if she was being assaulted. He claimed he was not a predator and that he wasn't touching the butts of women. The seventy six year old is facing sexual assault allegations from a set dresser and an assistant, who alleged they were both assaulted by the actor during filming of the twenty twenty one movie The Green Shutters. If found guilty, he faces up to five years in prison and a seventy five thousand euro fine.
Thanks Claire next, who benefits from this year's federal budget. After delivering back to back budget surpluses for the first time in ten years, the government has swung back.
Into the red.
As a quick reminder, a deficit, or the red, means the government is spending more than it earns. This year, they're spending about seven hundred and thirty billion dollars were the deficit of around twenty six point nine billion, and don't expect to see the budget back in black or in surplus anytime soon. The government's forecasting deficits for the next decade totally around one hundred and forty four billion dollars by twenty twenty seven twenty eight. But while the overall pitcher might be read, it's not always a bad thing.
There's plenty of spending to go around.
There's already been a bunch of budget measures announced. Buckle up, we're getting stuck into the numbers. Cost of living relief is front and center, with the government announcing quarterly energy rebates to the tune of one hundred and fifty dollars for every household.
From July one.
That's on top of the previously announced cuts to PBS medication costs, which will see four out of five medications drop to a maximum of twenty five dollars per script. Healthcare is another big winner, with eight point five billion dollars pledged to Medicare in what the government calls the single largest investment in the scheme since its inception. The goal to make nine out of ten GP visits free by twenty thirty.
Then there's also six.
Hundred and forty four million dollars for fifty new urgent care clinics, meaning eighty percent of Ossie's will live within twenty minutes of a bold billion GP service by mid twenty twenty six. On the education front, the government has promised sixteen billion dollars in student debt reduction, with about three point two billion of those dollars slated to be wiped from June one if.
Later is re elected.
Infrastructure gets a look in two, with two point seven billion dollars to upgrade Queenslands Bruce Highway and another two billion in additional funding to upgrade Sunshine Station as part of Melbourne's Airport rail Link. But perhaps the most significant announcement for many families is in childcare, with the removal of the activity test requirements, meaning from January next year, families are guaranteed a minimum of three days childcare fully subsidized, regardless of how much they work or study, as long as their earnings come under five hundred and thirty three thousand, two hundred and eighty dollars. That's enough numbers from me to help us dive even further into the announcements. We are joined by Mumma MEAs newswriter Eilish Delaney, who has been in Canberra for the budget lock up. At leash, we are speaking to you just as you've left Parliament House. What's the last few hours look.
Like for you?
So, Taylor, I've been in budget lock ups the last few hours, which is basically when we get handed the budget papers and kind of comb through all the updates and try and make sense of everything before the Treasurer gives it speech at seven thirty and then we're let out freach the world again, can use our phones and the Wi Fi once again, and can start filing.
You've been unplugged. I have been crunching a whole bunch of numbers. I have gone through and we've listed off some of the major announcements that already were revealed to us in the last week or so, but there has been a bunch more in the last few moments since you've left Parliament.
Let's kick off with women's health.
That's been a big focus for this federal budget for this Albanesi's labor government. What can you tell us about what they've promised?
Yeah, so most of The commitments they've made for women's health have been announced already, but they've just put them in writing in the budget. But we've got almost eight hundred million dollars in a women's health package, which includes a raft of things. There's new oral contraceptives, three of them that are listed on the PBS for I think the first time in more than thirty years. They've said. We've also got Medicare rebates that are being boosted for women using long term contraceptives like IUDs. There's also improved access to menopause support, so there's new menopause treatments on the PBS. There's also funding to train health professionals on menupes and the first ever clinical guidelines on this as well, and also Medicare rebates and menopause health assessments, which is huge.
That's fantastic newshere.
You have heard a lot about a big cash injection to Medicare and the popping up of fifty new urgent care clinics, But what about pelvic pain clinics. Are we seeing any new ones of those for this federal budget cycle.
Yeah, so we're getting funding for eleven new clinics that are dedicated to endometriosis and pelvic pain, and they're all going to offer specialized care and support for women and people who are suffering these conditions, which is great.
Something else that has been front and center as part of this federal budget is the cost of living. It's something that we heard Jim Chalmers talk about in his Federal budget address.
There are a couple of.
Different measures that we could pop under the cost of living umbrella. Let's start with growth in wages, though what have they promised.
Here but wages? We've got a two point six billion for an increase for age care nurses. There's also an interesting one which is planning to stop noncompete clauses low and middle income earners, which the government's over holding a lot of Australian workers back from switching to higher paying jobs.
So a list when we say non compete clauses, what does that actually mean.
A good example is a pilates instructor who in the contract it says that they can only work for this one studio and they're not allowed to work for any competitors, and then it really limits the income that they can make and apparently it affects a lot of workers. So research shows that reforms to these clauses could lift the wages of workers by up to four percent or twenty five hundred on average, which is pretty significant.
That is significant. I can think of a whole bunch of different industries that this will impact. I'm thinking of people who work in construction, childcare workers, even people who work in media jobs. That's usually something that's written into their contracts too. It does say here that is for people who are currently earning under one hundred and seventy five thousand dollars. There's some other ones here that I want to touch on in cost of living as well, though, talked me about what's happening with the A Triple C.
With this, the government wants to get people a better deal, let the check out by basically strengthening the A triplec's powers and fighting trankslation in supermarkets and helping suppliers stand up to the big supermarkets to get families and farmers a better price.
Yeah, that's a really good one.
We spoke about some of the Quickie last week when the A Triple C findings were released into their big supermarket inquiry seeing if there was price gouging going on, seeing if there was a monopoly happening in Australia currently amongst the big supermarkets. If folks want to listen to more of that, you can go back into the Quickie feed and I'll drop a link in the show notes. A few more things here to touch on alish, including a whole bunch of education reforms. I want to talk about some of the non tertiary education promises shortly, but let's start with Tafe. What have they promised in regards to that.
So with Tafe, they're going forward with the permanent free taste places and they're making one hundred thousand free taste places available across Australia every year, which will be great for people who are kind of going into those courses instead of going down the university route.
We don't quite know just yet which tape courses this will apply to, but one hundred thousand spots is fantastic. We've also mentioned earlier in this episode of the Quickie the one hundred and fifty dollars per quarter energy rebate that families, houses and some small businesses will also benefit from. Speaking of housing alers, what has been promised in regards to making it easier for folks to get into and own their own homes.
So most of the government's housing funding is actually to expand the Help to Buy program, which allows people to buy a property with a deposit as low as two percent with the help of the government. And they've committed eight hundred million to increase income taps for this and property price caps to kind of make the scheme more accessible. And they're kind of saying that they hope this will make it easier for first time buyers to get into the market.
What about for renters aleish.
So they're implementing a better deal for renters is what they called it. And it's going to be like a framework on genuine reasonable grounds for eviction and moving towards limiting rental increases to once a year.
All right, let's move on to another big part of this budget.
Tax cuts. Apparently we're all going to get some cash back elish.
Yeah, So the government has announced we're going to get two more tax cuts every Australian tax dayer in twenty twenty six and twenty twenty seven financial years. So a worker earning an average of seventy nine k yar will pocket five dollars and fifteen cents extra a week and then that will go up to about ten thirty in the following financial year. And the Treasurer has acknowledged that it is a modest cut, but he said when you kind of combine it with later's first round of tax cuts, that will make a difference in you allop.
It's interesting because this federal budget has been labeled as a pre election budget. That's a pretty significant deficit going on here. There's lots of spending happening, but when we break it down, it feels that the government is justifying that spending by going but look at all the things we're helping with, all the cost of living measures, all of these extra measures like putting more money back in your pocket. Is that sort of what you've taken away when you've been reading through the budget papers elish.
Yeah, essentially. I mean being in a deficit isn't always a bad thing, depending on where we are spending our money, and in this case, it sounds like the government is aware that we're all crying out the cost of living is really biting, and Jim Chalmers has said that that's at the forefront of this budget.
The last thing that I want to touch on with you. We've talked about free permanent tay one hundred thousand spots becoming available across Australia every year. We also mentioned earlier in this episode about student.
Debt relief two.
But what about for our younger Australians. We are hearing about fully funding Australian public schools.
Yeah, so the government is putting all public schools in Australia on a path. They call it full and fair funding. It's a ten year agreement that's going to see the government increase its contribution to put every public school on a path to receive funding. So they're going to provide four hundred and seven point five million over four years from twenty twenty five to twenty six financial year to the jurisdictions that are already signed up to this agreement.
So what now, Well, as we eagerly wait for the Prime Minister to call the date for the next federal election, the Opposition leader Peter Dutton is expected to hand down his budget reply tomorrow. It'll be an opportunity to get a clear idea of what the Coalition are promising before we head to the polls. Thanks for taking some time to feed your mind with us today. The Quickie is produced by me Taylor Strano and Claire Murphy, with audio production by Lou Hill.