BUDGET 2024-25 ANOTHER COST OF LIVING CON JOB

Labor's Budget confirms that Australians are poorer under Labor.

Australians will be disappointed by Labor’s Budget. It does nothing to help people across Wannon
get ahead and to restore their standard of living.

We needed a Budget that:

• Restored our standard of living by finally addressing inflation and cost of living pressures;
• Restored prosperity and created opportunity by supporting small businesses and helping
  young Australians into a home; and
• Restored budget discipline and honesty.

Member for Wannon, Dan Tehan said Labor’s third Budget has failed all of these tests.

In this Budget, Labor has added $315 billion of new spending, at a time when we need restraint.
That’s $30,000 of extra spending for every Australian household.

After two years in office, the Government is no closer to dealing with its homegrown inflation crisis –
which means more pressure on cost of living and interest rates higher for longer.

“Under Labor’s Budgets to date, the typical household in Wannon with a mortgage is more than
$35,000 worse off,” Tehan said.

Migration is out of control and the Budget papers confirm the unprecedented increase in net
overseas migration that will now see 1.67 million new migrants coming to Australia over five years.
Labor has fuelled the housing and rental crisis with unprecedented immigration at a time when
housing approvals are at an 11-year low.

And at a time when the Budget forecasts unemployment to rise, the Albanese Government is
increasing the size of the public service by an astonishing 36,000 additional bureaucrats in Canberra.

“The Government has shown it is focussed on the wrong priorities at a time when people across our
community are doing it tough,” Tehan said.

Under Labor, Australians are worse off. Prices have increased by nearly 10%: housing is up 12%,
rents are up 12%, insurance up 26%, electricity is up 18%, and gas is up 25%.

Tehan added, ‘The only positives on offer for Wannon in this Budget are $150 million to upgrade the
Maroona to Portland rail line and $12 million for the Bridgewater Road and Portland Ring Road
intersection. Sadly, there’s no extra funding for our roads, especially the Princes, Henty, Hamilton
and Western Highways. And there’s no extra funding for our hospitals.’

Until we see a real economic plan from Labor to sustainably tame inflation in a credible way, and
grow the economy, then Australians will continue to go backwards under Labor.

Australians deserve better.

ENDS