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HomeNewsBudget snapshot

Budget snapshot

Treasurer Jim Chalmers handed down his second budget on Tuesday evening.

What’s in it at a glance?

Aged care workers – $11.3 billion spend on a wage increase for aged care workers from July giving a registered nurse a rise of about $10,000 a year, and $7,500 for an enrolled nurse.

Australia’s biosecurity – $1 billion over four years for greater regulation, surveillance and international engagement.

Childcare – $4.7 billion on subsidy increases to begin on 1 July, based on income.

Defence – $11 billion over the four years in addition to $4.5 billion over 10 years for nuclear-powered submarines with $7.8 billion on existing projects will scrapped, downsized or delayed.

Electricity bills – up to $500 in energy bill relief paid to pensioners, veterans, concession card holders and people on government support payments and up to $650 to small businesses.

Emissions reduction -$450 million to large industrial emitters to reduce their emissions, as required from July, by 5 per cent each year to 2030; $2 billion to drive a clean hydrogen industry, $83 million over four years for a Net Zero Authority.

Environment – $355 million over four years for national parks and marine reserves, $121 million over four years for a new Environment Protection Australia agency and $51 million to set up Environment Information Australia.

First Nations – $1.9 billion over five years to improve lives and economies of Aboriginal and Torres Strait Islander people.

GPs – $3.5 billion over five years for tripling bulk-billing incentive for GPs for consultations with children under 16, pensioners and Commonwealth concession card holders.

Jobseeker -increase of $40 a fortnight for Jobseeker, increase for people aged 55-59 on Jobseeker of $92 a fortnight, Austudy and Youth Allowance up $40 a fortnight.

Single parents – $1.9 billion to lift the single parenting payment for children from 8 to 14 years.

Olympics – $3.4 billion over 10 years on the games.

Vaping – $234 billion over four years to get people off vaping.

Ukraine – $200 million over two years to Ukraine for war with Russia

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