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The Guardian - AU
The Guardian - AU
National
Paul Karp

Petrol and tax cuts: budget showers voters with $8.6bn in one-off payments and sweeteners

Josh Frydenberg Labor Anthony Albanese Coalition
Woman fills up car at petrol station
From midnight on Tuesday the petrol excise will halve as part of the Coalition’s budget measures to ease rising cost of living pressures. Photograph: Bianca de Marchi/AAP

Australians will be showered with $8.6bn in one-off cash payments and temporary cuts to petrol and income taxes designed to lower the cost of living.

In Tuesday’s budget the treasurer, Josh Frydenberg, revealed the low and middle income tax offset would be boosted this year by $420 to a maximum tax refund of $1,500 for individuals.

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