Most people have been facing budgeting constraints as inflation bites across the economy. Rising food, fuel and housing costs have put a tremendous financial strain on many families already doing it tough after the pandemic.

In a move that could bring much-needed relief to many, Prime Minister Anthony Albanese has announced the government's intention to introduce new measures to ease families' cost of living pressures nationwide.

With the May budget on the horizon, the Prime Minister has signalled that his administration is actively seeking ways to alleviate financial stress without exacerbating inflation.

During a press conference in Sydney, Mr Albanese expressed optimism about the year ahead, emphasising that the government's focus will be on providing cost of living relief.

'Our priority will be to provide cost of living relief whilst taking pressure off inflation,' he stated, acknowledging the dual challenges that have hit Australians hard: the COVID-19 pandemic and global inflation.

Prime Minister Anthony Albanese announced the government's intention to introduce new measures to ease families' cost of living pressures. Source: Anthony Albanese/Facebook

‘I have asked Treasury and Finance to come up with further propositions that we’ll consider in the lead-up to the May budget this year,’ he added.

While specific details of the measures are yet to be disclosed, Mr Albanese highlighted the government's awareness of the burden that global events have placed on the cost of living in Australia.

In response to these challenges, the government has already implemented several initiatives, including fee-free TAFE to support education and skills development, an energy price relief plan to tackle rising utility costs, and a significant reduction in the price of medicines.

The Prime Minister also mentioned a change for rent relief in the press conference. He said: ‘That’s why we’ve also undertaken increases in rent relief, for example—the largest increase in rent assistance for 30 years, along with other measures that we took assisting single mums.’

In a social media post, Mr Albanese briefly touched upon the government’s plan for Medicare and Home Guarantee Scheme.

He wrote: ‘We're working hard to strengthen Medicare, and we're starting the year with all 58 of our free Urgent Care Clinics up and running.’

‘As of today, our expanded Home Guarantee Scheme has helped 26,000 Australians buy a place of their own. In 2024, it will help thousands more,’ he added.

Mr Albanese also pointed out that cash handouts will be curtailed to avoid inflation.

‘We asked [the Treasury and Department of Finance] to consider what measures can take pressure off families on [the] cost of living without putting pressure on inflation. That’s the key issue,’ he stated.

‘If you were just to distribute additional cash to people, you potentially make inflation worse and therefore don’t help to solve the problem.’

You can watch Prime Minister Albanese’s announcement here:

​

Key Takeaways

• Prime Minister Anthony Albanese has indicated potential new cost of living measures in the upcoming May budget.
  
• The measures are in response to the financial pressures Australian families face due to global inflation and other economic challenges.
  
• Albanese highlighted existing government initiatives aimed at alleviating financial strain, including fee-free TAFE, energy price relief, reduced medicine prices, and the largest increase in rent assistance in 30 years.
  
• The Prime Minister has invited the Treasury and Finance to propose additional strategies to provide relief while managing the impact of inflation.
  

What do you think about the Prime Minister's announcement? Do you believe these measures will be enough to alleviate the cost of living pressures you're experiencing? Share your thoughts in the comments below.

 

[Greentrees]

I hope it's better than all his other bloody promises, so far?

Of the 66 promises made before the election the majority have been fulfilled or are in the process of being done. Some are still being worked through and 2 have been dropped.

 

[Phantom36]

Most people have been facing budgeting constraints as inflation bites across the economy. Rising food, fuel and housing costs have put a tremendous financial strain on many families already doing it tough after the pandemic.

In a move that could bring much-needed relief to many, Prime Minister Anthony Albanese has announced the government's intention to introduce new measures to ease families' cost of living pressures nationwide.

With the May budget on the horizon, the Prime Minister has signalled that his administration is actively seeking ways to alleviate financial stress without exacerbating inflation.

During a press conference in Sydney, Mr Albanese expressed optimism about the year ahead, emphasising that the government's focus will be on providing cost of living relief.

'Our priority will be to provide cost of living relief whilst taking pressure off inflation,' he stated, acknowledging the dual challenges that have hit Australians hard: the COVID-19 pandemic and global inflation.

View attachment 38600

Prime Minister Anthony Albanese announced the government's intention to introduce new measures to ease families' cost of living pressures. Source: Anthony Albanese/Facebook

‘I have asked Treasury and Finance to come up with further propositions that we’ll consider in the lead-up to the May budget this year,’ he added.

While specific details of the measures are yet to be disclosed, Mr Albanese highlighted the government's awareness of the burden that global events have placed on the cost of living in Australia.

In response to these challenges, the government has already implemented several initiatives, including fee-free TAFE to support education and skills development, an energy price relief plan to tackle rising utility costs, and a significant reduction in the price of medicines.

The Prime Minister also mentioned a change for rent relief in the press conference. He said: ‘That’s why we’ve also undertaken increases in rent relief, for example—the largest increase in rent assistance for 30 years, along with other measures that we took assisting single mums.’

In a social media post, Mr Albanese briefly touched upon the government’s plan for Medicare and Home Guarantee Scheme.

He wrote: ‘We're working hard to strengthen Medicare, and we're starting the year with all 58 of our free Urgent Care Clinics up and running.’

‘As of today, our expanded Home Guarantee Scheme has helped 26,000 Australians buy a place of their own. In 2024, it will help thousands more,’ he added.

Mr Albanese also pointed out that cash handouts will be curtailed to avoid inflation.

‘We asked [the Treasury and Department of Finance] to consider what measures can take pressure off families on [the] cost of living without putting pressure on inflation. That’s the key issue,’ he stated.

‘If you were just to distribute additional cash to people, you potentially make inflation worse and therefore don’t help to solve the problem.’

You can watch Prime Minister Albanese’s announcement here:

​

Key Takeaways

• Prime Minister Anthony Albanese has indicated potential new cost of living measures in the upcoming May budget.
• The measures are in response to the financial pressures Australian families face due to global inflation and other economic challenges.
• Albanese highlighted existing government initiatives aimed at alleviating financial strain, including fee-free TAFE, energy price relief, reduced medicine prices, and the largest increase in rent assistance in 30 years.
• The Prime Minister has invited the Treasury and Finance to propose additional strategies to provide relief while managing the impact of inflation.

What do you think about the Prime Minister's announcement? Do you believe these measures will be enough to alleviate the cost of living pressures you're experiencing? Share your thoughts in the comments below.

Does absolutely nothing to help a self funded retiree.

Most people have been facing budgeting constraints as inflation bites across the economy. Rising food, fuel and housing costs have put a tremendous financial strain on many families already doing it tough after the pandemic.

In a move that could bring much-needed relief to many, Prime Minister Anthony Albanese has announced the government's intention to introduce new measures to ease families' cost of living pressures nationwide.

With the May budget on the horizon, the Prime Minister has signalled that his administration is actively seeking ways to alleviate financial stress without exacerbating inflation.

During a press conference in Sydney, Mr Albanese expressed optimism about the year ahead, emphasising that the government's focus will be on providing cost of living relief.

'Our priority will be to provide cost of living relief whilst taking pressure off inflation,' he stated, acknowledging the dual challenges that have hit Australians hard: the COVID-19 pandemic and global inflation.

View attachment 38600

Prime Minister Anthony Albanese announced the government's intention to introduce new measures to ease families' cost of living pressures. Source: Anthony Albanese/Facebook

‘I have asked Treasury and Finance to come up with further propositions that we’ll consider in the lead-up to the May budget this year,’ he added.

While specific details of the measures are yet to be disclosed, Mr Albanese highlighted the government's awareness of the burden that global events have placed on the cost of living in Australia.

In response to these challenges, the government has already implemented several initiatives, including fee-free TAFE to support education and skills development, an energy price relief plan to tackle rising utility costs, and a significant reduction in the price of medicines.

The Prime Minister also mentioned a change for rent relief in the press conference. He said: ‘That’s why we’ve also undertaken increases in rent relief, for example—the largest increase in rent assistance for 30 years, along with other measures that we took assisting single mums.’

In a social media post, Mr Albanese briefly touched upon the government’s plan for Medicare and Home Guarantee Scheme.

He wrote: ‘We're working hard to strengthen Medicare, and we're starting the year with all 58 of our free Urgent Care Clinics up and running.’

‘As of today, our expanded Home Guarantee Scheme has helped 26,000 Australians buy a place of their own. In 2024, it will help thousands more,’ he added.

Mr Albanese also pointed out that cash handouts will be curtailed to avoid inflation.

‘We asked [the Treasury and Department of Finance] to consider what measures can take pressure off families on [the] cost of living without putting pressure on inflation. That’s the key issue,’ he stated.

‘If you were just to distribute additional cash to people, you potentially make inflation worse and therefore don’t help to solve the problem.’

You can watch Prime Minister Albanese’s announcement here:

​

Key Takeaways

• Prime Minister Anthony Albanese has indicated potential new cost of living measures in the upcoming May budget.
• The measures are in response to the financial pressures Australian families face due to global inflation and other economic challenges.
• Albanese highlighted existing government initiatives aimed at alleviating financial strain, including fee-free TAFE, energy price relief, reduced medicine prices, and the largest increase in rent assistance in 30 years.
• The Prime Minister has invited the Treasury and Finance to propose additional strategies to provide relief while managing the impact of inflation.

What do you think about the Prime Minister's announcement? Do you believe these measures will be enough to alleviate the cost of living pressures you're experiencing? Share your thoughts in the comments below.

 

[Leenie]

I don't believe anything will change until people start to live within their means. I know people who would not give up anything to help themselves e.g smoking drinking and many other things that would help with their costs of living. To me, it seems that the people who need the help are single people living in rental homes because the rental is growing in large amounts after each inspection. How these people can even afford to rent now is a wonder to me. I don't know what can be done by the Government though.

It’s not only single people who need help ,families are living out of cars ,what happened to the lucky country,it seems illegals and others get help before tax paying Aussies ,maybe if. The government stopped wasting money and spent where needed ,ie Marles wasting over 3 million on flights to be nearer hi home ,poor hard done by politician, the voice disaster, plus airbus ALBO running away from his responsibilities,hiding out overseas so as to not answer the hard questions,and the list goes on , can anyone else add to this as it’s just a starter.

 

[Leenie]

Noy true ... he has fixed up a lot of the mess left by the previous government and it will take a long time to turn some of that around.

The previous were left to fix the stuffups done by labor Rudd and Gillard ,to quote the illegals flooding into Australia by boat and now flying in ,plus letting loose the . Criminals , I had no time for Morrison or any of the useless ones that are there now,although there are some decent ones in parliament who have principles b it not eno,ugh to turn things around, so come on attack dogs let me have it , just stating facts.

 

[Knell]

I, for one, believe we humans need to keep the humanitarian approach.

 

[Knell]

Does anyone remember Covid? The world is still trying to recover from the enormous costs governments spend trying to save our wrinkly butts (conspiracy theorists excluded). Yes, for everybody, but none more than the aged were at risk. Anyone grateful?

 

[Hrynpa]

Most people have been facing budgeting constraints as inflation bites across the economy. Rising food, fuel and housing costs have put a tremendous financial strain on many families already doing it tough after the pandemic.

In a move that could bring much-needed relief to many, Prime Minister Anthony Albanese has announced the government's intention to introduce new measures to ease families' cost of living pressures nationwide.

With the May budget on the horizon, the Prime Minister has signalled that his administration is actively seeking ways to alleviate financial stress without exacerbating inflation.

During a press conference in Sydney, Mr Albanese expressed optimism about the year ahead, emphasising that the government's focus will be on providing cost of living relief.

'Our priority will be to provide cost of living relief whilst taking pressure off inflation,' he stated, acknowledging the dual challenges that have hit Australians hard: the COVID-19 pandemic and global inflation.

View attachment 38600

Prime Minister Anthony Albanese announced the government's intention to introduce new measures to ease families' cost of living pressures. Source: Anthony Albanese/Facebook

‘I have asked Treasury and Finance to come up with further propositions that we’ll consider in the lead-up to the May budget this year,’ he added.

While specific details of the measures are yet to be disclosed, Mr Albanese highlighted the government's awareness of the burden that global events have placed on the cost of living in Australia.

In response to these challenges, the government has already implemented several initiatives, including fee-free TAFE to support education and skills development, an energy price relief plan to tackle rising utility costs, and a significant reduction in the price of medicines.

The Prime Minister also mentioned a change for rent relief in the press conference. He said: ‘That’s why we’ve also undertaken increases in rent relief, for example—the largest increase in rent assistance for 30 years, along with other measures that we took assisting single mums.’

In a social media post, Mr Albanese briefly touched upon the government’s plan for Medicare and Home Guarantee Scheme.

He wrote: ‘We're working hard to strengthen Medicare, and we're starting the year with all 58 of our free Urgent Care Clinics up and running.’

‘As of today, our expanded Home Guarantee Scheme has helped 26,000 Australians buy a place of their own. In 2024, it will help thousands more,’ he added.

Mr Albanese also pointed out that cash handouts will be curtailed to avoid inflation.

‘We asked [the Treasury and Department of Finance] to consider what measures can take pressure off families on [the] cost of living without putting pressure on inflation. That’s the key issue,’ he stated.

‘If you were just to distribute additional cash to people, you potentially make inflation worse and therefore don’t help to solve the problem.’

You can watch Prime Minister Albanese’s announcement here:

​

Key Takeaways

• Prime Minister Anthony Albanese has indicated potential new cost of living measures in the upcoming May budget.
• The measures are in response to the financial pressures Australian families face due to global inflation and other economic challenges.
• Albanese highlighted existing government initiatives aimed at alleviating financial strain, including fee-free TAFE, energy price relief, reduced medicine prices, and the largest increase in rent assistance in 30 years.
• The Prime Minister has invited the Treasury and Finance to propose additional strategies to provide relief while managing the impact of inflation.

What do you think about the Prime Minister's announcement? Do you believe these measures will be enough to alleviate the cost of living pressures you're experiencing? Share your thoughts in the comments below.

It should have been done sooner. I am paying more Tax more rent charges and other items are costing me more including food I am about to stop eating as I am paying so much in my bills

 

[Gsr]

I still don’t get why the tax cuts for the wealthy don’t get cancelled, that would put lots of extra dollars in government coffers. Not like the rich need any tax cuts, a good percentage of them are putting their money in family trusts,then drawing a wage out, paying little tax anyway. Oh but no, since politicians fit into these groups we can’t cancel the tax cuts. Surely it is the best solution to boosting the budget and who cares if it is a broken election promise, it is only one of many broken promises. It is time family trusts paid the same tax as everybody else, and all these so called religous groups who claim to be charities are made to pay proper tax. We have some of these so called charitable religions near us, they don’t pay tax, they all drive posh cars, live in huge houses, buy whatever they want whenever they want. They have their own schools and their own buses to take the kids to school. They have their own teachers within their religion. They own a lot of different businesses, which make huge amounts of money, but claim to be a charity so don’t pay tax. The only charity they support is themselves. We need to find a leader who is not spineless and will clamp down on all unscrupulous businesses, groups who claim to be charities but aren’t, family trusts that are a way for rich people to rip off the rest of us taxpayers. It is time the people living in poverty were put first and government benefits were made to be at least as much as the minimum wage, and no tax should be paid out of any benefits, regardless of how much extra you earn. Tax the earnings but the benefits should not even be included in anyones taxable income.

 

[Ezzy]

Reminds me of Bob Hawke's statement when he was P.M., 'No child will be living in poverty by the year....'
Did anything change for the better?
l don't believe anything a Politician says until it actually happens.
The budget is more than 4 months away & a lot can happen in that time.
Interest rates could increase again in February when the R.B.A. next meets.