The 2024 federal budget explained at a glance

Erik Gordon

May 15, 2024

Jim Chalmers, Anthony Albanese and Katy Gallagher — Treasurer Jim Chalmers, prime minister Anthony Albanese and assistant treasurer Katy Gallagher with the 2024 Budget papers

The government has handed down its budget for 2024–25.

It’s delivered a $9.3 billion surplus for the financial year just about to finish but is forecasting a $28.3 billion deficit for next year.

Here are the key points:

Erin Cooper-Douglas, Deputy Politics + Society Editor, The Conversation and Matt Garrow, Editorial Web Developer, The Conversation

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About the author

Erik Gordon

Erik Gordon is the Professor of Business at University of Michigan. His areas of interest are entrepreneurship and technology commercialisation, the biomedical industry (pharmaceuticals, devices and biotechnology), venture capital, private equity, mergers and acquisitions, corporate governance, and digital and mobile marketing. He also is a professor at the School of Law. He has served on the faculty and as Associate Dean and Director of the Graduate Division of Business & Management (Carey Business School) at Johns Hopkins University, where he taught in the business and medical schools and at the University of Florida, where he also served as director of the Center for Technology & Science Commercialisation Studies and as Director of MBA Programs. He has served as an adviser or co-founder to numerous companies.