The Albanese Labor Government’s 2025 Budget provides cost of living relief while Building Australia’s Future.

This is a Budget for every Australian.

Tonight’s Budget delivers new help with the cost of living for everyone, including:

• More tax cuts for every taxpayer.
• More energy bill relief for every household and small business.
• More bulk billing to help Australians see a GP for free and even cheaper medicines.
• More cuts to HECS debts and historic funding for schools.
• More help to get Australians into a home of their own.

The Budget builds on the strong foundations we have laid, helping to secure our nation’s future at a time of global uncertainty.

We know Australians have worked hard and made sacrifices, and the Albanese Labor Government remains focused on delivering for households.

The economy is turning a corner – with lower inflation, rising wages and low unemployment. We’ve achieved all this the Australian way – looking after each other and working together.

Now is the time to keep building.

We’re providing relief now and investing in the future by strengthening Medicare, investing in housing and education, advancing reforms to make our economy stronger, and building a Future Made in Australia.

This year, Australians will face a clear choice.

Labor’s plan to Build Australia’s Future or Peter Dutton’s promise to cut the things Australians rely on.

That’s the choice Australians face: build or cut.

As at 25 March 2025.