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Tax windfall from Iran war to be pocketed in federal budget (www.abc.net.au)

submitted 3 weeks ago by Eyekaytee@aussie.zone to c/australianpolitics@aussie.zone

9 comments fedilink hide all child comments

In short:

Any larger-than-expected tax take driven by the Iran war will be entirely used to pay down Commonwealth debt.

Treasurer Jim Chalmers is managing expectations of major cost-of-living relief in the federal budget, saying the government will save more than it spends when the budget is handed down.

What's next?

The federal budget will be delivered on May 12.

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[–] Eyekaytee@aussie.zone 0 points 2 weeks ago (1 children)

good points

We have the most housing per person we’ve ever had: https://www.housingdata.gov.au/ (Well, 2022 vs 1990)

isn’t it also the lowest per person it has ever been?

during covid when the gates were shut and prices dropped everyone rushed out and bought a house or unit so we had record prices before even reopening up

lots of singles now taking 2 bedroom places for the bed and home office

that and immigration being higher than average and materials and labour wages

[–] MisterFrog@aussie.zone 0 points 2 weeks ago

isn’t it also the lowest per person it has ever been?

Sorry could you elaborate a bit? Do you mean rooms/space per person are at an all time low?

I'd love if you could link me, as that's valuable insight to have if true.