Cuts and spending measures

Major measures:

As part of the government’s cost-of-living relief package, the government will spend:

$3 billion in energy bill relief, including $500 for eligible households and $650 for small businesses.
$3.5 billion over five years on a bulk-billing incentive to lower the costs for Australians to see a doctor.
$2.2 billion over five years to add and update the medications available on the pharmaceutical benefits scheme (PBS).
$1.9 billion over five years to allow single parents to receive welfare benefits until their youngest child turns 14, instead of the current age of eight.
$4.9 billion over five years to boost income support payments, including a $40 per fortnight increase for all JobSeeker recipients.
$2.7 billion over five years in rent assistance to low-income households.
$11.3 billion to fund a 15% increase in award wages to aged care workers.

$4.5 billion over 10 years to support the initial steps of the AUKUS nuclear submarine project. (Funded through existing defence budget.)
$3.4 billion over 10 years for investment in infrastructure for the 2032 Brisbane Olympic and Paralympic Games.
$2 billion in a new Hydrogen Headstart program to support hydrogen energy production.

$3.8 billion over the next five years through the extension of the GST compliance program.
$3 billion in revenue over four years by raising the tax on tobacco by 5% per year.

Key cuts and spending by policy area