Young or old, single or married: this is how the 2024 budget will impact your life.
Treasurer Jim Chalmers said his third federal budget prioritises cost-of-living help, strengthening Medicare and the care economy and building more homes for Australians.
$427.4 million for the new Commonwealth Prac Payment, giving about 68,000 teaching, nursing, midwifery and social services students $318.50 a week while they’re on their mandatory placements. Stage 3 tax cut benefits – under the revised plan, people earning less than $45,000 will now get a tax cut of up to $804 a year. In the original stage 3 plan, they did not get any relief.Freezing the maximum cost of PBS listed drugs for pensioners and concession card holders at $7.70 for five years – six out of 10 PBS scripts are filled for pensioners and concession card holders.
$2.2 billion into aged care, including $1.2 billion to improve aged care systems, and $531 million for another 24,000 home care packages.
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