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AAP
AAP
Business
Dominic Giannini, Jacob Shteyman and Tess Ikonomou

Super concessions take biggest bite from the budget

Older Australians have benefited the most from super earnings tax handouts. (Angela Brkic/AAP PHOTOS)

Major cost-of-living measures aren't on the cards in the federal budget update because of a $25 billion hit to the books, as data reveals new drags on the bottom line.

The mid-year economic and fiscal outlook will show more than $16 billion in automatic spending increases and $8.8 billion in "unavoidable spending" such as extending programs.

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