Millions of Aussies to get more cost-of-living relief

In a welcome move for many Australians, the Queensland government has announced further cost-of-living relief measures.

This comes from a smaller deficit in the state's mid-year budget, which is set to provide some financial respite to Queenslanders grappling with rising living costs.



Treasurer Cameron Dick announced a forecasted net operating deficit of $138 million for 2023/24, marking a significant $2.04 billion improvement on the deficit projected in the budget.

Coal royalties, expected to generate $9.4 billion in revenue, are seen to be behind the smaller budget gap. There is a substantial increase of $3.8 billion from initial projections in industry revenue, according to the state treasury.


Australian currency_pixabay_ecdb372e-7c2d-4136-81fe-3c8e4f23e1a9.jpeg
A small deficit in the state budget is expected to benefit many Queenslanders in the long run. Image Credit: Pixabay


'The strength of our balance sheet enables us to deliver more cost-of-living relief for Queenslanders,' Dick said.

'The number one priority of the government is to make sure we deliver as much cost-of-living relief to Queensland families and businesses as we can afford.'



Starting January 1, public transport fees will be frozen for a year, saving commuters significant amounts.

For instance, a commuter travelling from the Gold Coast to Brisbane could save over $210 annually on public transport costs, according to government estimates.

But the relief doesn't stop there. From July 1, 2024, registration fees for motor vehicles will also be frozen, sparing motorists from the usual annual fee increase.

To put this into perspective, last year, the total cost of registering a four-cylinder vehicle went up $20 from $773 to $793.


Queensland bus_flickr_41e9129d-3681-4d0a-984c-e0ea958782c6.jpeg
Queenslanders will save hundreds with a year-long public transport fee freeze, according to state estimates. Image Credit: Pixabay


Additional cost-of-living relief measures include free kindergarten for families from 2024 and a doubling of the First Home Owner Grant to $30,000 until mid-2025.

Furthermore, all Queensland households received $550 electricity rebates this year, with vulnerable families receiving $700.

'These changes are not as big as the electricity bill rate rebates, but every dollar you don't have to spend at a time like this is very important,' Dick added.



While Queenslanders can look forward to these support measures, the same cannot be said for all Australians battling rising costs.

The federal budget is on track for a much smaller deficit of $1.1 billion this year, an improvement of $12.8 billion compared to the May budget.

Despite no additional cost-of-living relief added in the update, Federal Treasurer Jim Chalmers noted that the government's targeted cost-of-living relief measures were still being rolled out.

This includes targeted energy bill subsidies, cheaper medicines, cheaper child care, and increased Commonwealth Rent Assistance.

Key Takeaways

  • The Queensland government will implement further cost-of-living relief next year due to a smaller deficit in the 2023-24 budget.
  • Public transport and motor vehicle registration fees will be frozen for 12 months from January 1 and from July 1, 2024, respectively.
  • The budget revealed a small net operating deficit of $138 million for 2023/24, a $2.04 billion improvement on the forecasted deficit.
  • Other cost-of-living relief measures include free kindergarten from 2024, doubling the First Home Owner Grant to $30,000 until mid-2025 and a $550 electricity rebate for all Queensland households.
What are your thoughts on these cost-of-living relief measures? Do you think they go far enough? For those in other areas of Australia, do you have similar measures? Share your thoughts with us in the comments below.
 
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In a welcome move for many Australians, the Queensland government has announced further cost-of-living relief measures.

This comes from a smaller deficit in the state's mid-year budget, which is set to provide some financial respite to Queenslanders grappling with rising living costs.



Treasurer Cameron Dick announced a forecasted net operating deficit of $138 million for 2023/24, marking a significant $2.04 billion improvement on the deficit projected in the budget.

Coal royalties, expected to generate $9.4 billion in revenue, are seen to be behind the smaller budget gap. There is a substantial increase of $3.8 billion from initial projections in industry revenue, according to the state treasury.


View attachment 37500
A small deficit in the state budget is expected to benefit many Queenslanders in the long run. Image Credit: Pixabay


'The strength of our balance sheet enables us to deliver more cost-of-living relief for Queenslanders,' Dick said.

'The number one priority of the government is to make sure we deliver as much cost-of-living relief to Queensland families and businesses as we can afford.'



Starting January 1, public transport fees will be frozen for a year, saving commuters significant amounts.

For instance, a commuter travelling from the Gold Coast to Brisbane could save over $210 annually on public transport costs, according to government estimates.

But the relief doesn't stop there. From July 1, 2024, registration fees for motor vehicles will also be frozen, sparing motorists from the usual annual fee increase.

To put this into perspective, last year, the total cost of registering a four-cylinder vehicle went up $20 from $773 to $793.


View attachment 37499
Queenslanders will save hundreds with a year-long public transport fee freeze, according to state estimates. Image Credit: Pixabay


Additional cost-of-living relief measures include free kindergarten for families from 2024 and a doubling of the First Home Owner Grant to $30,000 until mid-2025.

Furthermore, all Queensland households received $550 electricity rebates this year, with vulnerable families receiving $700.

'These changes are not as big as the electricity bill rate rebates, but every dollar you don't have to spend at a time like this is very important,' Dick added.



While Queenslanders can look forward to these support measures, the same cannot be said for all Australians battling rising costs.

The federal budget is on track for a much smaller deficit of $1.1 billion this year, an improvement of $12.8 billion compared to the May budget.

Despite no additional cost-of-living relief added in the update, Federal Treasurer Jim Chalmers noted that the government's targeted cost-of-living relief measures were still being rolled out.

This includes targeted energy bill subsidies, cheaper medicines, cheaper child care, and increased Commonwealth Rent Assistance.

Key Takeaways

  • The Queensland government will implement further cost-of-living relief next year due to a smaller deficit in the 2023-24 budget.
  • Public transport and motor vehicle registration fees will be frozen for 12 months from January 1 and from July 1, 2024, respectively.
  • The budget revealed a small net operating deficit of $138 million for 2023/24, a $2.04 billion improvement on the forecasted deficit.
  • Other cost-of-living relief measures include free kindergarten from 2024, doubling the First Home Owner Grant to $30,000 until mid-2025 and a $550 electricity rebate for all Queensland households.
What are your thoughts on these cost-of-living relief measures? Do you think they go far enough? For those in other areas of Australia, do you have similar measures? Share your thoughts with us in the comments below.
Bet they can't pay any off the debt, lets just waste it on overseas stuff, a hundred million for solar in vietnam, what the hell for???
 
In a welcome move for many Australians, the Queensland government has announced further cost-of-living relief measures.

This comes from a smaller deficit in the state's mid-year budget, which is set to provide some financial respite to Queenslanders grappling with rising living costs.



Treasurer Cameron Dick announced a forecasted net operating deficit of $138 million for 2023/24, marking a significant $2.04 billion improvement on the deficit projected in the budget.

Coal royalties, expected to generate $9.4 billion in revenue, are seen to be behind the smaller budget gap. There is a substantial increase of $3.8 billion from initial projections in industry revenue, according to the state treasury.


View attachment 37500
A small deficit in the state budget is expected to benefit many Queenslanders in the long run. Image Credit: Pixabay


'The strength of our balance sheet enables us to deliver more cost-of-living relief for Queenslanders,' Dick said.

'The number one priority of the government is to make sure we deliver as much cost-of-living relief to Queensland families and businesses as we can afford.'



Starting January 1, public transport fees will be frozen for a year, saving commuters significant amounts.

For instance, a commuter travelling from the Gold Coast to Brisbane could save over $210 annually on public transport costs, according to government estimates.

But the relief doesn't stop there. From July 1, 2024, registration fees for motor vehicles will also be frozen, sparing motorists from the usual annual fee increase.

To put this into perspective, last year, the total cost of registering a four-cylinder vehicle went up $20 from $773 to $793.


View attachment 37499
Queenslanders will save hundreds with a year-long public transport fee freeze, according to state estimates. Image Credit: Pixabay


Additional cost-of-living relief measures include free kindergarten for families from 2024 and a doubling of the First Home Owner Grant to $30,000 until mid-2025.

Furthermore, all Queensland households received $550 electricity rebates this year, with vulnerable families receiving $700.

'These changes are not as big as the electricity bill rate rebates, but every dollar you don't have to spend at a time like this is very important,' Dick added.



While Queenslanders can look forward to these support measures, the same cannot be said for all Australians battling rising costs.

The federal budget is on track for a much smaller deficit of $1.1 billion this year, an improvement of $12.8 billion compared to the May budget.

Despite no additional cost-of-living relief added in the update, Federal Treasurer Jim Chalmers noted that the government's targeted cost-of-living relief measures were still being rolled out.

This includes targeted energy bill subsidies, cheaper medicines, cheaper child care, and increased Commonwealth Rent Assistance.

Key Takeaways

  • The Queensland government will implement further cost-of-living relief next year due to a smaller deficit in the 2023-24 budget.
  • Public transport and motor vehicle registration fees will be frozen for 12 months from January 1 and from July 1, 2024, respectively.
  • The budget revealed a small net operating deficit of $138 million for 2023/24, a $2.04 billion improvement on the forecasted deficit.
  • Other cost-of-living relief measures include free kindergarten from 2024, doubling the First Home Owner Grant to $30,000 until mid-2025 and a $550 electricity rebate for all Queensland households.
What are your thoughts on these cost-of-living relief measures? Do you think they go far enough? For those in other areas of Australia, do you have similar measures? Share your thoughts with us in the comments below.
ABSOLUTELY FANT
 
With the qld comments its just smoke and mirrors and is in line with the qld premier's shock resignation this week. They are hoping that by introducing these things that it may sway the qld voters in October next year. The public transport system is under used due to the unreliability of services and the costs involved. These things were already on the LNP agenda as well as reduction of drivers licence fees for seniors. On a percentage basis very few seniors let alone the general populous would benefit.

As for Chalmers the same applies. With the announcement of increases in passports this week and Australia Post increasing costs and reducing delivery services, it's the vulnerable and age that suffers.

The biggest con is the banks. Closing hundreds of branches each year increasing charges and record profits and claiming that us what the customers want. Forcing people to go electronic and then coming up with the audacious statement of charging people who use cash. What tha!
 
Absolutely fantastic
The capitalists have reached a Zenith by costing the People 4% for using cash after they pay bigtime to track around to get it. Like $2.50 a litre for fuel and wide margins on food purchasing ? Meantime the road carnage is partly due to the road surfaces being poor plus winding roads are beyond a lot of drivers. My quest for more country railway services is ignored by country people who are contributing to the road carnage. So why can't public raailway transport be made available along the standard gauge lines ?
 
The capitalists have reached a Zenith by costing the People 4% for using cash after they pay bigtime to track around to get it. Like $2.50 a litre for fuel and wide margins on food purchasing ? Meantime the road carnage is partly due to the road surfaces being poor plus winding roads are beyond a lot of drivers. My quest for more country railway services is ignored by country people who are contributing to the road carnage. So why can't public raailway transport be made available along the standard gauge lines ?
I was reading a memory post on my Facebook page and it was about excitment that petrol was $1.37 a litre LOL
 

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