Watch

Labor tax cuts throws budget into years of deficit

Published 26 March 2025, 7:20 am
Labor has moved swiftly to put its new budget tax cut to the test, passing it through the House of Representatives within hours of the surprise announcement. It was the centrepiece of the election eve budget, adding to billions in spending as the budget sinks into a decade in deficit.
Tags
Australia
Politics
Share

Recommended for you

01:53
Even with tens of billions in extra spending, and now, a tax cut for all, it's inevitable Labor's fourth Budget has left many unsatisfied.
03:07
Tax cuts are seen as a pre-election' sweetener to encourage voters to re-elect the Albanese government.
03:03
SBS Chief Political Correspondent Anna Henderson dissects the Federal Budget with Treasurer Jim Chalmers.
02:14
02:33
02:57
Millions of Australian households and businesses are set to get extra $150 off their power bills, in a pre-budget spending announcement.
02:39
Jim Chalmers smiling while holding a stack of files. In the background is parliament house in Canberra with an overlay of Australian money.