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This Budget, delivered in a year before federal Labor must call a national election, must try to articulate a real plan based on an honest assessment of real skills and comparative advantages for the nation. It must also try to answer a few overarching and critical questions: What (and who’s) version of the net zero economy are we trying to become an indispensable part of? How? At what cost and benefit to and for whom? #Budget2024 #Realpolitech #FMiA #IndustryPolicy #CleanEnergy

The Australian Federal Budget for 2024-25 has been delivered, but how did media and audiences engage with the dominant topics and themes? Highlights are: - Inflation and taxation are major talking points regarding the budget's influence - Politicians were most discussed in relation to house prices and inflation - Women were more vocal about the topic of green energy #federalbudget2024

🇪🇺 **STABILITY AND GROWTH PACT: Reform Approved by the European Parliament** On April 23, Members of the European Parliament approved the reform of European budgetary rules, as agreed with the EU Council last February. The Council is also expected to adopt this reform in the coming days. 📝 **Key Points of the Reform**: - Member States must submit to the European Commission, by the end of September, their first multiannual macroeconomic plan. - This plan will detail their budgetary policy, as well as the reforms and investments planned from 2025 onwards for a period of at least four years. - The plan will be based on a 'reference trajectory', establishing the acceptable level of expenditure to control public debt, developed by the Commission for each country in the spring. This reform aims to strengthen coordination of budgetary policies within the European Union and ensure more responsible management of public finances. #EU #EuropeanParliament #StabilityAndGrowthPact #Budget #Reform

Check out our summary of the 2024 Federal Budget https://wix.to/kkF01II #newblogpost

Budget reply…. Federal and state government spending needs to focus on regions where the GRP is generated. Productive regions like North Queensland provide the best Return of investment for government longterm.

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. https://lnkd.in/gcPj67te

The 2024-25 Federal Budget is the third for the Albanese Government and consistent with previous years, the primary themes are expected to be the cost of living and the economic shift to net zero. https://lnkd.in/gcgZiPXM

📣 As you watch the federal budget coverage tonight, keep in mind – budgets are about choices and values. This is about how our elected representatives choose, on our behalf, to spend our public money. Australia is one of the richest countries in the world. We're alive at the richest point in the world's history. We have lots of problems to solve, but also lots of options on our democratic menu. So what is most important, and what is least important? What do we subsidise (rolling out renewables? better health care? better education? addressing the climate crisis?) 👏👏👏 And what do we tax (the fossil fuel industry? rich people? the huge corporations that currently pay no tax at all?) 📉📉📉 As Australia Institute economist Richard Denniss observes, public commentary about budgets are full of "econobabble." "...incomprehensible economic jargon designed to dress up self-interest as the national interest, to make the absurd seem inevitable or the inequitable seem fair, or even to make the destructive seem prudent." We have a big range of policy options to choose from.

Here’s some of what we know is in Tuesday’s federal budget... >> Tax Expect to hear a lot (more) about Labor’s changes to the stage three tax cuts that come into effect on July 1. Business tax incentives are expected, as Labor revamps the rules designed to lure foreign capital. An across-the-board company tax cut has been ruled out, but Dr Chalmers has promised “financial incentives, regulatory changes and other enablers”. The instant asset write-off scheme for small businesses will be extended for another year. Businesses with turnovers capped at $10 million will be immediately able to deduct $20,000 from eligible assets. >> Future Made in Australia agenda A dedicated $1 billion in subsidies, grants and other forms of support will go towards boosting the production of solar panels in Australia. The Australia Renewable Energy Agency (ARENA) will consult industry to design and deliver the initiative. Australia will invest $940 million in Silicon Valley start-up PsiQuantum in a big bet that it will build the world’s first commercially useful quantum computer in Brisbane.  Deposits of critical minerals and rare earths badly needed to develop renewable energy technologies will be mapped as part of a $566 million plan for Geoscience Australia. The already announced critical minerals and northern Australia infrastructure funds will be drawn down to deliver: > an $840 million package of loans and grants for the Gina Rinehart-backed Arafura Rare Earths. > $400 million in loans to Gladstone-based Alpha HPA to establish a high-purity alumina processing facility. > $185 million in loans to Renascor Resources to expedite the development of its Siviour graphite project in South Australia. > $230 million in loans to lithium hopeful Liontown Resources to bolster the viability of its West Australian Kathleen Valley mine, which is aiming for first production this year. >> Energy More than $330 million will go towards funding various decarbonisation projects, from the already announced Powering the Regions Fund. #BDO #budget2024

Restrain for here and now, with balanced investments for a prosperous future. This is the pitch the Albanese Government will stick with throughout May following the release of its 2024-25 Federal Budget last night. So, what does this mean for the Australian public and does this budget deliver some much-needed relief during uncertain local and global economic times?   Our Capital Monitor™ team were in the Budget Lock-Up in Canberra to review and compile an extensive report that will take you through an in-depth analysis of all that matters straight from Parliament. https://ow.ly/FAUZ50RGFC2 #federalbudget #capitalmonitor #australiangovernment #budget2024