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Australian Federal Budget insights 2024-2025

How will the Federal Budget 2024 impact your business and what challenges will it address?

Federal Budget 2024-2025

Treasurer Jim Chalmers will announce our next Federal Budget, in Canberra on Tuesday 14 May, highlighting the Australian Government’s plans for revenue and expenditure in 2024-25 and beyond.

What impact will this important announcement have on your business and what are the implications on your organisation’s tax, climate and sustainability strategies, and plans to adopt new technologies and regulation. How will this Budget increase competitiveness and productivity? What provision will be there to address cost of living factors? 

Federal Budget FAQs

Treasurer Jim Chalmers will outline Australia’s Federal Budget 2024-2025 on 14 May 2024 in Canberra. This major government policy is traditionally announced on the second Tuesday in May – although this has varied in previous years.

This announcement outlines how the Federal Government plans to use public money it collects, and how it will be spent e.g. on the welfare and education of Australia’s citizens, infrastructure, defence, and to support and encourage business growth. It also details the extent of our nation’s deficit or surplus.

The Federal Budget is an annual policy statement that assesses Australia’s economy in detail. It explains where the Government plans to use the funds it collects in the form of taxes, duties, excises, levies and profits from government agencies.

PwC's Tax Briefing: Federal Budget Special

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