2023 Federal Budget

2023 Federal Budget

2023 Federal Budget

On Tuesday 9 May, Treasurer Jim Chalmers handed down the 2023 Federal Budget, which was eagerly awaited given increasing cost of living pressures and recent interest rate rises impacting the financial situation of many Australians.

In the lead up to Budget night, the Treasurer flagged three key priorities — cost of living relief, growing the economy and ensuring Australia is more resilient to international shocks.

Some of the key announcements made include:

  • An expected surplus of $4.2 billion for 2022/23.
  • A $14.6 billion cost of living relief package.
  • Confirmation of previously announced changes to superannuation tax concessions.

Together with Count Financial, PFW Financial Advice has prepared a budget report that summarises some key points that may impact our clients. These key points are:

  • Cost of living relief
  • Superannuation
  • Small Business
  • Housing
  • Aged Care
  • Renewable Energy
  • National Reconstruction Fund

To read the full 2023 Federal Budget summary, click here

If you would like further information regarding any of the above, be sure to get in contact.

Until next time, 

Regards Rodney. 


Rodney Johnstone CFP BBus, DipFP, GradDipAppFin 

Authorised Representative of Count Financial Limited

Financial Adviser,  FPW Financial Advice Pty Ltd 

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