The Budget provides temporary, targeted and responsible cost of living relief.
Addressing cost of living pressures:
A one-off $420 Cost of Living Tax Offset for over 10 million low-to-middle income earners who can get up to $1,500 from 1 July this year.
For 6 months, fuel excise will be cut in half, saving 22 cents a litre. A family with two cars and fill up once a week will save $30 a week!
Pensioners and eligible concession card holders will get a one-off $250 Cost of Living Payment. This will see pensioners receive more than $500 in additional support.
Read more: liberal.org/budget