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The Guardian - AU
The Guardian - AU
National
Patrick Commins Economics correspondent

Australian budget 2025: where does the money come from and where does it go?

Australia Jim Chalmers Labor Income Tax
The Treasury logo and the Australian Coat of Arms are seen at the Treasury building in Canberra
Who will be the winners and losers in Tuesday’s budget? Photograph: Lukas Coch/AAP

Treasury officials have been scrambling over the past two weeks to pull together the 2024-25 budget – one that Jim Chalmers was not planning to deliver.

Two weeks ago, the government had hoped to call an earlier April election, but ex-Tropical Cyclone Alfred blew that away.

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