2025 Economic Relief. Starting from july 1, 2024, the government is introducing tax cuts to help 13.6 million australian taxpayers with the rising cost of living, to correct bracket creep, support. The baseline forecast is for the world economy to continue growing at 3.2 percent during 2024 and 2025, at the same pace as in 2023.

Find out more about the energy bill relief fund. Oxford economics australia expects the reserve bank of australia to begin cutting rates in the second quarter of 2025, far beyond a late 2024 cut expected by other forecasters including.