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At a time of great global uncertainty, the Albanese Labor Government continues to keep Australia secure while preparing for the opportunities of tomorrow, with responsible investments in all elements of our national power.

The Albanese Government is taking a whole-of-government approach to securing Australia’s place in the world. This requires the reversal of the long-term reduction in diplomatic resources and increased diplomatic efforts in areas of core national interest. We are delivering on this with further significant investments in the Department of Foreign Affairs and Trade’s capability.

The 2024-25 Budget will ensure the security of our critical diplomatic network over the long term, including our resilience to cyber threats, by investing more than $227.8 million over the forward estimates in upgrading Australia’s communications infrastructure and overseas property.

The Australia-Tuvalu Falepili Union, announced in November 2023, is the biggest step Australia has taken with a Pacific country since the independence of Papua New Guinea over 50 years ago. This Budget will deliver on the climate, security, development and immigration commitments under the Treaty.

In addition, the Government will commit $206.5 million over the forward estimates to respond to broader regional security and resilience needs. These measures will sustain the Government’s investment in our regional relationships in the Pacific.

The Australian Government understands that our prosperity, security and economic future is tied to our region. We continue to implement Invested: Australia’s Southeast Asia Economic Strategy to 2040, including the $505.9 million already committed to deepen ties with the region. This includes a Southeast Asia Investment Financing Facility to provide up to $2 billion in loans, guarantees, equity and insurance to catalyse Australian trade and investment in the region.

Strong, enforceable and effective sanctions are an important element of Australia’s foreign policy. The 2024‑25 Budget provides $26.4 million over the forward estimates to strengthen monitoring and enforcement under Australia’s sanctions framework.

Australia remains resolute in its support for Ukraine’s sovereignty in the face of Russia’s illegal invasion. The Government will sustain Ukraine’s duty-free access into Australia for a further two years, until July 2026, to support Ukraine’s economy.

International trade and investment is critical to the Australian economy, creating jobs and prosperity, and opening up opportunities for Australian businesses to expand and diversify globally. The Government is expanding the successful Australia-India Business Exchange, helping even more Australian businesses benefit from new trade and investment opportunities with India and across South Asia.

The Albanese Government will also deliver a significant investment in the Simplified Trade System to make trade faster, easier and cheaper. This $29.9 million commitment includes a new Digital Trade Accelerator Program to provide businesses with new, secure digital access to important trade data, with enhanced risk assessment so trade flows easier across our borders.

The Budget will also provide $10.9 million to expand the successful Go Global Toolkit, which offers online export information and advice to help Australian businesses expand overseas and make use of our free trade agreements.

The Government has reaffirmed its commitment to ensuring the benefits of trade are shared widely amongst the Australian community, by enhancing the Trade 2040 Taskforce giving business, union and community representatives an active role in the Government’s trade policy agenda.

The Budget will include $2 million for Austrade to provide additional surge support for affected Australian agricultural exporters to re-establish commercial connections in China and continue to diversify into other markets.

Australia’s vibrant tourism sector continues to bounce back as one of our largest export industries. The Government will provide ongoing funding for China’s Approved Destination Status scheme, which enables guided Chinese group travel to Australia operated by Australian providers. This measure will support the ongoing return of Chinese visitors and provide greater certainty to Australia’s tourism sector as it continues to grow into the future.

A Greens-led senate inquiry that resulted in cross-party support for a re-focus on Antarctic science at the AAD has secured its first tangible win, with an additional 120 days of dedicated marine science expeditions over two years funded in the Federal Budget. 

Greens spokesperson for healthy oceans, Senator Peter Whish-Wilson:

“Not only has a Greens-led senate inquiry resulted in cross-party support for a re-focus on Antarctic science at the AAD, but it has now also secured its first tangible win – with an additional 120 days of dedicated marine science expeditions over two years funded in the Federal Budget. 

“One of the inquiry’s key recommendations was that the government immediately fund between 50-100 additional shipping days per year for the Nuyina, while the government prepares a business plan for the purchase of an additional vessel to access the Antarctic.

“These additional shipping days are essential for enabling immediate and critical marine science voyages to the Antarctica and Southern Ocean, and the Greens thank the government for listening to the Senate committee and taking important steps to prioritise science at the AAD. 

“It was very timely for the Senate to scrutinise funding and governance at the AAD and do its job of providing transparency and accountability of government agencies, in addition to recommending changes. 

“More than ever our planet depends on us understanding the Antarctic region, and we can’t do that without scientists on the ice. Increasing the Nuyina’s shipping days will ensure there are no excuses for not having dedicated Antarctic and Southern Ocean science voyages. 

“It is now of critical importance that a business case is developed for acquiring a second vessel to support Australia’s presence in Antarctica, as also recommended by the Committee. 

“Our $500m state of the art icebreaker and floating science platform has been plagued with problems and delays to service since it was commissioned five years ago, and accessing a second ship – especially for logistics support – is a vital next step in ensuring our Antarctic scientists have access to the ice.”

The Greens say Labor’s budget contains barely no new spending for Australia’s woefully underfunded public schools while they pour an additional $5.9 billion over the forward estimates into the overfunded private sector.

The Schools Upgrade Fund for public school infrastructure will also be discontinued, yet Labor will continue to subsidise new construction in fee-charging private schools into the future.

Greens spokesperson on Primary & Secondary Education, Senator Penny Allman-Payne:

“Tipping more public money into a private system bursting at the seams with funding, while 2.6 million kids attend public schools that aren’t able to deliver them the education they deserve, isn’t only unjustifiable, it’s reprehensible.

“100% of the Schooling Resource Standard (SRS) isn’t some utopian aspiration – it’s only enough funding to get 80% of kids in a school up to the minimum standard for reading and numeracy. And Labor won’t even commit to that.

“If Labor is so concerned about inflation and the cost of living, properly funding public schools and reversing the cost-shifting that’s produced soaring out-of-pocket costs for parents and carers, would have been a pretty smart idea.

“We know that Labor is currently in negotiations with the states and territories on new funding arrangements, but the two deals they have announced so far would actually bake in underfunding in WA and the NT.

“Labor has signalled that they will be introducing legislation to lock in the new funding deals. With the Coalition ideologically opposed to public education, the Greens are likely to be in balance of power on any future bills.

“If Labor thinks the Greens will just roll over and let them lock in underfunding for another generation of public school kids they have another thing coming.

“The Greens are calling for 100% of the SRS for every public school in the country at the start of the new national agreement, in January 2025.”

Labor’s third budget has betrayed the queer community with all funding for the 10 Year National Action Plan on LGBTIQA+ Health and Wellbeing disappearing from the budget. 

The National Action Plan was announced in 2022 with an initial budget of $900,000 through May 2024. Despite the Advisory Group meeting for a year, there’s been very little progress made on what the Action Plan will actually contain.

And now, there’s no new money in the budget to keep this vital work going. Is this the end of the National Action Plan Labor was so proud to trumpet two years ago? 

The only tangible budget item for the LGBTIQA+ community is the overdue implementation of the HIV Taskforce Reports — and even that’s too little, too late. 

This Government has chosen a surplus instead of helping people who need it.

Just a fraction of that $9.3 billion surplus would fully fund the Action Plan as well as removing out of pocket expenses for gender affirming care, expanding eligibility for IVF and reproductive health programmes to LGBTIQA+ families, and making sure every community, from capitals to the regions, have access to comprehensive and LGBTIQA+ friendly health services. 

Australian Greens LGBTIQA+ Spokesperson, Stephen Bates

The Government knows that LGBTIQA+ people have worse health and mental health outcomes. So where’s the money? Where’s the money for gender affirming care? Where’s the money for mental health support? 

Anthony Albanese loves a Mardi Gras photo op—but when the time comes to do something concrete, he’s nowhere to be seen. 

I won’t stand by while Labor tries to push the National Action Plan on LGBTIQA+ Health and Wellbeing back in the closet. 

Labor shouldn’t post a profit while refusing to fund essential health services.

Increasing access to PreP medication is welcome, but the queer community needs a lot more than that.

The Greens will always push Labor to take real action to help LGBTIQA+ people. Just “not being Peter Dutton” isn’t going to cut it.

Australian Greens Health Spokesperson, Senator Jordon Steele John

Labor’s budget does nothing to support LGBTIQA+ people in Australia who are struggling to afford and access essential healthcare.

Labor has failed to put their money where their mouth is, and queer people are being left in the lurch as a result.

In this cost of living crisis, it’s essential we support people to get the mental health services they need before they are having a crisis. 

Labor’s budget for mental health care pales in comparison to demand.

This budget does nothing to improve queer people’s access to gender affirming healthcare or bulk billing at their local GP, and it doesn’t support people to access a broader range of mental health professionals through Medicare.

It’s beyond time for the Government to get on board with the Greens plan to get mental health care into Medicare, so our community can access the healthcare they so urgently need

In last night’s budget, the Labor Government removed $14.4 billion from the National Disability Insurance Scheme. This is a deliberate decision that will leave disabled people and the community worse off while the government spends records amount on fossil fuels and weapons. 

Senator Jordon Steele-John, Australian Greens Spokesperson for Disability Rights and Services. 

“In a cost-of-living crisis, the Labor government is choosing to remove $14.4 billion in funding from the NDIS that will lead to disabled people not getting the support they need when they need it.”

“This government have chosen to abandon disabled people, they have abandoned NDIS workers and they are passing the buck to the millions of Australians who undertake informal carer roles.” 

“The ALP have decided that it is more important to fund billions in handouts to weapons manufactures then it is to support our community and the many disabled people that rely on the NDIS to live happy and healthily lives.” 

“It’s clear there is not an essential service that Labor won’t cut to fund nuclear submarines and fossil fuel handouts. This government has betrayed the disability community and they should be ashamed of themselves.” 

Tonight’s Budget confirms that Australians are poorer under Labor.

The Prime Minister promised this would be a “true Labor budget” and tonight we know what this means: a big-spending, big-taxing con job.

Tonight we needed a Budget that:

• Restored our standard of living by finally addressing inflation and cost of living pressures;
• Restored prosperity and created opportunity by supporting small businesses and helping young Australians into a home; and
• Restored budget discipline and honesty by restraining spending, bringing back the fiscal guardrails, a tax to GDP cap and delivering a structural surplus not a windfall surplus.

Labor’s third Budget has failed all of these tests.

Australians will be disappointed by tonight’s Budget. It does nothing to help Australians get ahead and to restore their standard of living.

In this Budget, Labor has added $315 billion of new spending, at a time when we need restraint. That’s $30,000 of extra spending for every Australian household.

After two years in office and three Labor Budgets, the Government is no closer to dealing with its homegrown inflation crisis – which means more pressure on cost of living and interest rates higher for longer.

Under Labor’s Budgets to date, the typical Australian household with a mortgage is more than $35,000 worse off.

Migration is out of control and the Budget papers confirm the unprecedented increase in net overseas migration that will now see 1.67 million new migrants coming to Australia over five years. Labor has fuelled the housing and rental crisis with unprecedented immigration at a time when housing approvals are at an 11 year low.

And at a time when the Budget forecasts unemployment to rise, the Albanese Government is increasing the size of the public service by an astonishing 36,000 additional bureaucrats in Canberra.

The Government has shown it is focussed on the wrong priorities at a time when Australians are doing it tough.

Under Labor, Australians are worse off. Australians know that despite the Treasurer’s spin, prices have increased by nearly 10% with increases for many essential items well beyond that: housing is up 12%, rents are up 12%, insurance up 26%, electricity is up 18%, and gas is up 25%.

In these uncertain economic times, Australians needed a back-to-basics economic agenda.

Until we see a real economic plan from Labor to sustainably tame inflation in a credible way, and grow the economy, then Australians will continue to go backwards under Labor.

The Albanese Labor Government has failed for the third time to address the source of the inflation and cost of living pain being felt by families and businesses right across our country.

Australians deserve better.