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Breaking Down the 2024 Federal Budget: Winners, Losers, and Long-Term Impacts
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Welcome to this week's episode of the Money and Investing Show! Join your host Andrew Baxter and co-host Mitch as they dive into the 2024 federal budget. This episode is packed with insights on the winners and losers of the budget and how it will impact the economy in the short and long term.
Andrew and Mitch discuss tax changes, focusing on how they affect different income levels. They explore the implications for low and high-income earners and the overall economic stimulus. The conversation then shifts to energy bill relief and rental assistance, examining whether these measures provide meaningful support or add to inflationary pressures.
The hosts also delve into the impact on international students, defence spending, and the controversial changes to HECS debt indexing. They provide a balanced view of how these elements could shape the economy and society.
In the second half of the episode, the focus turns to the budget losers. Topics include the impact on universities, the reduction in international student numbers, and the tightening of NDIS funding. Andrew and Mitch critically analyse these measures, questioning the long-term vision and sustainability of the budget.
Tune in for a comprehensive overview of the 2024 federal budget and its implications.
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