The Albanese government is about to unveil a budget that faces the difficult task of providing assistance to people struggling with the high cost-of-living without causing additional inflation.
You can read more about the upcoming 2023 federal budget here, but if you’d like to make different decisions to the government, this interactive puts you in the treasurer’s seat.
You can include various spending and savings measures, such as increasing the tax paid by offshore gas companies, increasing the amount that welfare recipients receive, adjusting the controversial stage-three tax cuts and various other measures.
If you would like to use your savings to pay down the debt then simply save more than you spend. There are notes below on how amounts were calculated.
Notes
Where possible, estimates for costings use the actual value in the first four years and then the value at 10 years. This is generally only available for items that have been costed by the parliamentary budget office. For other items, annual figures have simply been multiplied by the number of years in the time period selected. For items that have a one-off cost, the figure is the same for both four-year and 10-year periods.
