Hills to Hawkesbury Community News

2022-23 Federal Budget

The Treasurer, the Hon Josh Frydenberg, delivered the 2022-23 Federal Budget last week.

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The last two years have been tough for our country. Despite the challenges, Australia’s economy is strong and unemployme­nt is at 4%, the equal lowest in 48 years.

Around 69,300 taxpayers in Mitchell will benefit from tax relief of up to $1,500 this year, made up of the $1,080 low- and middle-income tax offset and a $420 cost of living tax offset.

Families in Mitchell will soon feel relief at the fuel pump as Fuel excise was cut in half.

For the next 6 months, Australian­s will save 22 cents a litre every time they fill up their car.

In addition to the one-off cost of living tax offset the Government is also providing a one-off cost of living payment of $250 for Australian­s most in need.

In Mitchell, these payments will be delivered to: 11,989 pensioners;

1,924 disability support recipients;

787 carers;

5,030 jobseekers; and

10,361 eligible self-funded retirees.

Together, with the recent pension increases, this will see the 11,989 pensioners in Mitchell receive more than $500 in additional support over the next 6 months, when they need it most.

The Budget also encourages small businesses, increases apprentice­ships and invests strongly in manufactur­ing, infrastruc­ture and regional developmen­t. It will support Australian’s by delivering record funding for schools, hospitals, Medicare, mental health, aged care, women’s safety and disability support. Visit www.budget.gov.au for more informatio­n.

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