Overview of the Federal Budget 2023 – 24

The major announcements from this year's Federal Budget and what they mean for accountants and their clients.

. Global conflict has severely disrupted global oil supplies and is contributing to higher inflation, slower growth, and extreme economic uncertainty at home and abroad. At the same time, there are big structural changes unfolding in areas like energy and technology, and longstanding challenges when it comes to productivity, intergenerational equity and access to home

The Federal Government is selling the 2026-27 budget as a big reform budget. One that will tip the scales to make the tax system fairer for young Australians.