Federal Budget Virtual Seminar 2025 available on-demand
With 2025 as an election year, Australia’s political parties have their work cut out for them. Inflation is moderating, interest rates remained at 4.35 per cent for over a year, and cost-of-living has been a near constant issue. February 2025 saw the RBA cut interest rates for the first time since November 2020 – from 4.35 per cent to 4.1 per cent, while in March, communities across Queensland and New South Wales grappled with the effects of Cyclone Alfred. In addition to easing cost-of-living pressures for businesses and everyday Australians, the Government has more challenges to manage.
Some industries are thriving while others are feeling the pressure, and insolvencies are at an all-time high, especially in key industries like Construction, Hospitality and Manufacturing. One thing is certain, Australian businesses and individuals alike need support – whether it be in the form of concessions, tax benefits, or incentives – and they need it sooner rather than later. So what can we expect from the Government in this budget?
Both the Government and the opposition have announced election funding proposals, with Labor proposing an $8.5b Medicare overhaul, $3b to finish the NBN, and $2b towards the Clean Energy Finance Corporation, while the Coalition announced $5b in infrastructure funding for new homes, and $331b to build nuclear reactors. However, with recent reporting suggesting the Australian economy is in a massive deficit, this Budget remains one of Government’s last chances to convince voters of their fiscal management strategies.
Join us for our annual Federal Budget Virtual Seminar, where our experts will explore the proposed budgetary spending, followed by a discussion to unpack the tax implications and changes outlined in this year’s federal budget.
