Australian Budget 2024 walks a fine line, and steps over details for multinationals and foreign investors

For the second year in a row, the Australian Government has delivered a surplus which this year is projected to be $9.3b. As with last year's Budget, the 2024 Budget was delivered against a continued backdrop of inflation (albeit moderation), cost of living pressures, high interest rates, and increasing geopolitical instability. It has tried to walk a fine line of providing incentives in nationally strategic areas (particularly in relation to the energy transition) without fuelling demand pressures which threaten to increase inflation and interest rates. Time will tell whether this will be successful.

Related Keywords

United States ,Australia ,Australian , ,Fair Entitlements Guarantee Recovery Program ,Critical Minerals Facility ,Government Critical Minerals List ,Department Of Climate ,Hydrogen Production Tax Incentive ,Australian Taxation Office ,Renascor Resources ,Arafura Rare Earths ,Hydrogen Headstart ,Critical Minerals Production Tax Incentive ,Water State Of Hydrogen ,Australian Government ,Future Made ,Multilateral Convention ,Implement Tax Treaty Related Measures ,Prevent Base Erosion ,Profit Shifting ,Explanatory Statement ,Full Federal Court ,Royal Assent ,Albanese Government ,Two Pillar ,Avoidance Taskforce ,Combined Assurance Reviews ,Payday Superannuation ,Government Funded Paid Parental Leave ,Superannuation Guarantee ,Critical Minerals List ,Northern Australian Infrastructure Facility ,Arafura Rare Earths Limited ,Renascor Resources Limited ,Australian Renewable Energy Agency ,Climate Change ,Hydrogen Report ,