CANBERRA, ACT, May 12 -- The Treasurer of Australia issued the following media release:
The Albanese Labor Government will deliver more cost‑of‑living relief in this Budget to take pressure off Australians, including a new permanent $250 tax offset for workers.
Together with our existing tax relief, this new round of tax cuts means the average Australian worker could receive a combined benefit of up to $2,816 from 2027-28.
We're helping Australian workers earn more and keep more of what they earn and providing responsible cost‑of‑living relief where we can.
This Budget delivers more tax cuts for workers, helps with fuel costs, helps more Australians achieve home ownership provides more funding for public hospital...