Senator Jana Stewart
Mutthi Mutthi and Wamba Wamba
Labor Senator for Victoria

Dr Jim Chalmers MP
Treasurer

The Albanese Labor Government’s 2024 Budget provides cost of living relief for people for all Victorians and invests in a Future Made in Australia.  

Labor’s Budget delivers new help with the cost of living for everyone, including: 

1. Tax cuts for 3.5 million Victorians – every single taxpayer – from July 1; 

1. A $300 energy rebate for every household;  

1. Wiping around $3 billion from student HECS debt and more than 802,756 persons with a HELP debt in Victoria; 

1. Kickstarting the construction of more homes in every part of the country; 

1. Cutting the prices of more common medicines through our cheaper medicines policy; 

1. Providing a better deal for every working parent by paying superannuation on top of paid parental leave. 

Importantly, the new cost of living relief we have delivered in this Budget builds on our work to take pressure off people without adding to pressure on inflation.  

This is a Budget to train more tradies, build more homes, boost bulk billing and give more Australians a crack at university or TAFE.  

Our Budget is investing in a Future Made in Australia, the transformative opportunities of clean energy, new technology, strengthening our defence industry and capability, and investing in strategic industries. 

Because of our responsible economic management, the Government has been able to forecast a second consecutive Budget surplus. 

This year’s Budget also builds on cost of living measures the Government has already taken, such as cheaper child care, cheaper medicines and fee-free TAFE. 

Quotes attributable to Senator for Victoria, Jana Stewart: 

“The Albanese Labor Government knows that Victorians are doing it tough and this Budget delivers new help.  

“We are backing more jobs and fair wages by investing in the energy and skills needed for a Future Made in Australia. 

“This Budget is focussed on the key priorities driving our Government – acting on cost of living and making our future here.” 

Quotes attributable to Treasurer, Dr Jim Chalmers: 

“This Budget delivers for everyone in Victoria - tax cuts for every taxpayer and energy bill relief for every home. 

“It’s the right and responsible thing to do and I know this will help make a real difference for Australians.”