🏦 BUDGET FY2025-26 Treasurer Jim Chalmers will deliver the...

Looks like no information on Migration Planning Levels in this budget so we will just have to keep waiting. Once they are released, they are published here

Migration Planning Levels not released yet.

When they going to announce 4 years permanent migration plan?

Net overseas migration(i) FY2023/24: 435,000 Outcome FY2024/25: 335,000 Forecast FY2025/26: 260,000 Forecast FY2026/27: 225,000 Forecast

Net overseas migration is forecast to be 225,000 in 2027–28 and 2028–29. The migration forecast does not incorporate the ABS National, state and territory Population released on 20 March 2025.

Tax cuts From 1 July 2026, the 16 per cent tax rate, which applies to taxable income between $18,201 and $45,000, will be reduced to 15 per cent. From 1 July 2027, this tax rate will be reduced further to 14 per cent.

Medicare: In this Budget, the Government is making a record investment of $7.9 billion to provide more bulk billing so people can see a general practitioner (GP) for free. This is the largest single investment in Medicare since its creation over 40 years ago.

Banning foreign buyers of established homes The Government will ban foreign buyers from purchasing existing dwellings for two years from 1 April 2025 and will provide the Australian Taxation Office (ATO) $5.7 million to enforce the ban. The Government will also provide $8.9 million to the ATO and Treasury to target land banking by foreign buyers and ensure vacant land in Australia is put to productive use within a reasonable amount of time. https://budget.gov.au/content/03-housing.htm

Medicare big change: 9 out of 10 GP visits should be Bulk billed by end of the decade

The Government’s new tax cuts will put more money in people’s pockets.

A worker on average earnings will get a new tax cut of $268 in 2026–27 and $536 per year from 2027–28, compared to 2024–25 tax settings.

Combined with the first round of tax cuts, they will receive a total tax cut of $1,922 in 2026–27 and $2,190 per year from 2027–28, compared to 2023–24 tax settings.

In 2027–28, the average combined annual tax cut across all taxpayers is expected to be $2,548, or around $50 per week.

Tax Cuts https://budget.gov.au/content/01-cost-of-living.htm#m1

Budget Speech is now Live: https://www.youtube.com/watch?v=5zk00GXp_jU

Countdown to the 2025–26 Budget: 3 hours, 18 mins

when next 189 round is expected?

@all Budget will be released today https://budget.gov.au

Will they communicate planning levels?

Thanks sir

@all I will share updates in this thread on 25 March 2025 7:30 pm AEST onwards.