Paul Murray’s five things you need to know about the federal budget

Sky News host Paul Murray breaks down the five things you need to know about Labor’s 2024-25 federal budget.

[@PK51X]

We don’t want a $300 rebate, we want the price of power to come down for real. Power has gone up by way more than $300 thanks to Labor and their stupid green energy policies.

[@stuartgraham8946]

Spot on The $300 is a one off Then we’ll be back to square one

[@letmeexplain1816]

Jim Chalmers coming out with the camera on show with his family in tow like some celebrity was absolutely pathetic !! People are paying out of their own saving to support their family members who are just gripping on with unaffordable housing rentals and food prices and having to live with parents because everything is unattainable and impossible !!!!! Thanks, Paul Murry, for breaking it all down for us to see what really is going on from the liars in the lodge !! I'm more than angry with this current labour party. For goodness, people vote them out !!!

[@boff1n]

It makes you wonder how they think this is deflationary by paying our bills for us. Paying our bill at the current price of electricity doesn't mean the price of electricity has fallen it just means someone else paid the bill for us. So the inflation is still there. Such a weird budget.

[@Mothy2014]

Absolutely correct. That's what I thought of straight away. A one off payment towards the power bill.... Then back paying the ridiculous price of electricity. What a joke

[@republicofcasuals]

They just lined their pockets... nothing more... they don't care if they get reelected... this was setting up their retirement funds...

[@Julia78309]

I'm ashamed of this government...

[@goldenautumn3073]

You need to be actually, afraid of them - they have a SOCIALIST, COMMUNIST agenda, that is currently being forced on every democracy in the world. It's a TAKEOVER plan to destroy democracies and replace them with totalitarian dictatorships to control them.

[@R0d_1984]

Dude, if they ''give'' us 1 dollar, costs will go up $5

[@ConstructionHoney]

You dont understand economics like this minister with no economic degree. It must be you and the 10 other million people with issues.

[@goldenautumn3073]

Exactly. And control of ALL our taxes and other public monies is IN THEIR CONTROL. Time for Australians to WAKE UP. Where is the obvious urgent necessity for all their expenditure to be fully revealed, and on who and what? We have a Constitutional right to know, Australia!

[@bushed-d9n]

another bloody con job

[@memine3704]

We get $300 a year. Adam Bandt cost nearly $1 million in expenses last year...to run around talking utter BS. HE also gets $300. What a farce.

[@johndrury2028]

Bandt should be made to repay those funds.....as should Tony Burke for his $57K trip to the U.S........ also the doubling-up of multiple jets/cars for i'state trips....... AND Albanese spending approx $450MIL on the VOICE debacle. I'll take your $300- and gladly vote AGAINST LABOR the next chance I get....... rumour has it, OCT election for QLD.............So long, Miles.

[@guymoschella4066]

Fancy putting your wife and kids through that BS trying to make out your an average family . Not to many families bring home 400 G + expenses.

[@SludgedB]

💯

[@letmeexplain1816]

I agree !! You can see his kids and wife lack for nothing. The other day, I saw a couple with a baby having to sleep in a public toilet because they lost their house and everything. My heart went out to them. They were getting around on bicycles, and winter is coming 😢

[@johndrury2028]

@@letmeexplain1816 Please.... would you tell me the suburb??

[@guymoschella4066]

@@letmeexplain1816 . Where abouts did you see this couple and there baby . They built places for covid and there bloody empty neither state of Federal give a shit about poor people . If this mongrel was in Italy they would have booted him out years ago.

[@letmeexplain1816]

@@johndrury2028 ... I will tell you it's in WA

[@pressurecareaust.8421]

I believe it was Churchill who said something along the lines of:- “I’m not calling him (Albo) a liar, I’m merely suggesting he is a stranger to the truth”.

[@goldenautumn3073]

He's a LIAR and deceiver, and manipulator - AND he's rejected the vote and will of the people of Australia. He shouldn't even BE in the role of PM!!

[@brianterence3211]

Many thanks Paul for your logical insights about the latest budget. Brilliant !

[@countyorga764]

Logical and your braindead, irrelevant, oxygen thieving, sky "news" turd boyfriend "economic expert" murray in the same sentence 😂😂😂😂😂😂😂😂😂.

[@countyorga764]

Logical and braindead, fired lying scum apologist, irrelevant murdoch turd murray, in the same sentence 😂😂.

[@countyorga764]

Logic and your braindead, "economist", fired lying scum apologist, irrelevant murdoch turd boyfriend murray, in the same sentence 😂😂.

[@ijustwantcheese1283]

They definitely think we are stupid , that’s for sure. Shame on them. Not fit to be in office.

[@ozzinedyoutubechannel1851]

didnt Chalmers give himself a 25 thousand payrise when they got in ??????????

[@multioptioned]

Politicians get automatic "independently" assessed tribunal pay rises annually, whether they want it or not! 😂 BASE salary is now over $225,000pa. Think about the standards of some Australian politicians...😮💰

[@letmeexplain1816]

​@@multioptioned... Ohh, boy, that makes my blood boil !!

[@multioptioned]

@letmeexplain1816 Yes, I have heard a few with a conscience donate their increases to charity. There are many perks to being politician in addition to salary. They always justify by saying they are paid less than if they work in the private sector. Last year: "Based on the determination, Prime Minister Anthony Albanese's salary will increase from $564,356 to $586,930, and Opposition Leader Peter Dutton's salary will increase from $401,561 to $417,623. MPs will have a base pay of $225,742, up from $217,060 - though they can receive additional pay depending on whether they hold a ministry or shadow ministry, chair a committee, or act as speakers or party whips. Politicians are also entitled to travel allowances, electorate allowances, provision of a vehicle or an allowance in lieu of a vehicle, and internet and phone services at their home."

[@stevegoulding6328]

​@@multioptioned All pigs with their snouts in the trough! Most have never done a decent day's work in their life!

[@tonymott1806]

What's to stop the energy providers from putting up the prices on 1 July anyway and therefore double dipping?? The childcare sector has been doing this for the past 15 years, and it negates any cost relief that federal budgets implement.. bet no one has thought about this...

[@goldenautumn3073]

And the time between giving a pittance of a handout and then putting prices up has gotten shorter and shorter, I've noticed.

[@earthangel7253]

Everyone has thought about this it's obvious

[@earthangel7253]

​@@goldenautumn3073Yep

[@TandMroaming]

What’s with wife n kids being there?

[@ConstructionHoney]

Showing how nuclear families are... while pretending to be ok with transgender peeps

[@KatK-st1pj]

It's all for show, look at me and my (not struggling at all) family. It's a sideshow and he's just another 'out of touch with the real reality' clown playing with our tax payer $$$$!

[@letmeexplain1816]

​@KatK-st1pj .....I agree with you. He thinks he's a celebrity and the next PM when really Jimbo is just Albooo's little lap-dog !!!

[@KatK-st1pj]

@@letmeexplain1816...and AlboSleazy is the WEF's little lapdog.

[@mammon8915]

Nice to know that every politician also gets their $300.00

[@LynMurray-j1z]

It is for every house hold so how many houses does Albo have 6x300

[@TrevorCrook-c1s]

The vote on the WHO treaty this month . If we sign up for that it will be the proverbial cherry on the cake in turning Australia into Hell on Earth

[@deadshot8077]

They are definitely going to sell us out.

[@strategicviewpoint6672]

Bracket Creep, GST inflation and Sin Taxes will still screw over the Australian taxpayer regardless of tax cuts and subsidies

[@georgekordis4268]

Correct no such thing as a free lunch taxpayers always pay for stupidity?

[@umaddotjpg7772]

​@@georgekordis4268taxpayers are the only ones left keeping Australia moving. Everyone else is on the dole or a high roller like albo

[@SenatorAri]

Yes, cutting money for everyone doesn't magically solve any problems

[@Tikka300-]

Great report Paul thank god for sky news telling it how it is👍not like 9 and the abc etc

[@NNM-sc3rj]

What the heck? Bring the wife and kids to work day...

[@reganbenn941]

And she didn't look happy about it! 😅

[@LukeDavisAuthor]

$36 a week, what a laugh. My petrol has gone from $80 to $130 p/w. My rent has gone from $350 to $450. Still short $114 just on those two items.

[@aussie5183]

As with anytime government give rebates the price goes up by that rebate

[@georgekordis4268]

Government rebates are always paid back with interest somewhere else you must be stupid if you think your getting anything free from gruberment.

[@Iamwoman68]

Just shows you that getting a college degree means nothing, but being a MOTHER IS THE GREATEST N TOUGHEST JOB IN THE WORLD. NO WONDER PARENTS ARE TELLING THEIR KIDS YOU DONT NEED TO GO TO COLLEGE NOT W SO CALLED TEACHERS OF TODAY NO WONDER PPL AROUND THE WORLD HAVE LOST RESPECT FOR THEM. GOOD ON YA PRESIDENT SONYA

[@pattodox]

Vote one nation

[@MrSlowAZZ]

Didn’t they cause the energy prices to spike by intervening in the free market? 😂

[@mw8308]

No. The liberals told the energy regulator to wait until after the election to increase prices. Then Labor capped the prices for 6 months, and forced energy companies to guarantee supply to Australians instead of selling it to China and India.

[@andrewjohns6823]

budget does SFA for me being a pensioner

[@stardustandflames126]

PBS scripts capped at $7.70, more home care packages, freezing deeming rates for another year so your pension stays high?

[@douglaswasley1461]

I love Gina Rinehart , a great Australian business woman and employer..she will be hanging out waiting for the postie to deliver her $300 energy rebate..cheque...this will add to her $5000 a MINUTE she earns.. Thanks Jim....

[@NNM-sc3rj]

Stop with the stupid. You do know she turned her father's business around? You do know she helps to keep Aussie businesses in Australia? You do know she has investments in Australia across energy and agriculture too? I'm unsure of how many businesses and induvidal she employs but you can imagine the number is large. Many mouths fed.

[@goldenautumn3073]

Any decent, wealthy Australian would be fighting this and giving back their $300. It would provide food for a family for one week.

[@douglaswasley1461]

@@goldenautumn3073 You are so right ....but do you think Albo will give up his $300????

[@steverogers9507]

FFS. Pandering to the ordinary people? Bad move Goofy. How sad you needed to use your family to appeal to the gullible public.

[@goldenautumn3073]

As long as they keep their VERY lucrative jobs, that's all that matters - and rob US of the little we receive.

[@lillysnet9345]

Few days ago someone call him... our next PM. Practice, practice...

[@R0d_1984]

I remember when a case of beer was $10-12, lamb was 3.75/kg, pack of 20 winnies $1....

[@clydesimpson1462]

And the stupid thing is the prices haven't changed just the Fees, Taxes, Charges and Levies have. This Government is Triple Dipping on Excise every year.

[@Gary-gr3ff]

I remember when a six pack was a dollar

[@bubble8829]

I just wish Jim Chalmers would stop smiling. It's sickening - makes him look smarmy.

[@jaskirchner]

That means the power bill will go up by at least $300 a year. You will not pay any less. Stop spending money get the cost under control, but dropping the stupid renewables crap. This government both sides dont have a clue. When the next 3 budget are forcast in such a bad way. The government spending wages have to drop. The government needs to get out of the W.E.F pocket.

[@earthangel7253]

🫡

[@philhatherell3711]

That so called 300 saving has already been lost in the increase of prices everywhere else.

[@DhirenVyas261]

When are home loan interests going down ?

[@strategicviewpoint6672]

Not in the near future.....

[@NNM-sc3rj]

Rba changes the goal posts much too quickly. It's not good.

[@arthurarvanitis23]

They're not

[@Monkeyboy2457]

Giving us back our own money then pretending that the promised power price cuts have been delivered.

[@JamesParadiso]

It does not make sense to make it for everyone it should be for low and middle income owners only

[@kenehnsklp5530]

We need a re election. Labor has to go

[@R0d_1984]

They don't even know that we have a debt based fiat currency; most ppl don't even know the difference money and currency, we don't have money...

[@BarbaraHambleton]

I’m still waiting for the 900$ from the Rudd govt and our daughter is still waiting for her laptop: just sayin!

[@markspin4596]

This government has no vision, pretty much like the previous one.

[@AndrewEG]

Correct all the policies are based on donating lobby groups

[@johnb579]

People of Australia and by that I mean the Taxpayers of this nation are not fools the $300 goes to power companies not into the pockets of suffering families the price of power remains the same . this does not solve the problem another con job by these liars.

[@lancegoodall5911]

An Electricity rebate for people who have Solar Panels giving them a credit each quarter, who will then get $300.00 on their zero power bill

[@Gary-gr3ff]

Have stand alone solar power don't pay a electricity bill so I get nothing

[@bluedog1052]

Talking about the unemployment rate going up, I guess it's started. I was made redundant today by a global Defence Industry company so go figure. Guess I'd better go and get a tent and find somewhere to squat, because none of this helps me whatsoever.

[@lorrystagg6578]

How come tax on beer,wine and spirits is so high. But there's no tax on medical alcohol

[@peterheyman8540]

The rebate is $900 less than the last rebate of $300 a quarter so lower income households are actually worse off.

[@ivanf6938]

Pretty sure there are no school holidays in South Brisbane today or tomorrow. Taking your kids out of school for that shot says a lot more than the budget sugar hits for the simple folk.

[@stephenpercy4643]

The family look well decked out...meanwhile, the rest of us are eating cake!

[@blacksorrento4719]

They are in their own Politicians ivory tower. The only people this government cares about is themselves.

[@scubaaddict]

Cut the 30 Billions to the aboriginal industries. at least 15 Billion saved there as most of the money is misused and only help the aboriginal industries and land councils that actually make a difference.

[@Bubblehead088]

Well said Paul. Keep it up

[@philiprachtman1217]

Also as the prices of power/ fuel goes up so does the GST amount

[@KookaburraAU9908]

People need to know that Albanese's retirement superannuation is a defined benefit superannuation pension of 72.75% of his final annual salary tax free, indexed annually to the CPI. From raised by a singe mother in public housing & free university. Employment with the unions to a hard left political career coming up to 30 years. This Champagne Socialist has a net worth even after divorce of about $13 million from several investment properties in Sydney and Canberra and an extensive stock portfolio. He is laughing at every Australian taxpayer. A lying politician to the ultimate liar in The Lodge.

[@multioptioned]

Ex PMs get a lot more than that plus benefits. How many ex PMs are Australians currently supporting? 💰

[@clydesimpson1462]

A quick Google search shows his wealth at $20 Million.

[@multioptioned]

People on around $200,000pa are still angry at Labor only giving them $4,500pa in tax cuts instead of the LNP promised $9,000pa.

[@dickjohnson5623]

Cheer up snowflake

[@ChristinaSeaton-Thomson]

Anyone with a modicum of common sense, & mathematical skills, can "calculate" this budget as deceptive & insulting to the average Australian worker & household.

[@Martin_Priesthood]

He had to go with his wife and kids? 👌 💯

[@ShaneMcGrath.]

Labor and Liberal = Two cheeks on the same arse! Vote differently or expect the same BS.

[@DaveGamesRoom]

Pauline Hanson for pm

[@multioptioned]

Mandatory preferential voting in Australia. The 2 major parties love it. No one else can form a government.

[@sonyahoad8243]

They certainly don't want people to quit smoking or give up the booze. They would be in a mess then.

[@gagandeepsingh2518]

The intricate dynamics of Australia's federal budget, comprising multifaceted allocations, revenue streams, expenditure priorities, and macroeconomic implications, reflect a complex interplay of economic, social, and political factors, necessitating comprehensive analysis for a nuanced understanding.

[@NNM-sc3rj]

😂😂😂

[@gagandeepsingh2518]

@@NNM-sc3rj For what reason does the upward curvature of your lips manifest in such a manner as to denote an expression commonly interpreted as a smile?

[@PK51X]

Chalmers crowing on about how wonderful his tax cuts are makes me sick. The Liberals brought in the stage 1, 2 and 3 cuts - Chalmers and his muppets just bastardised the stage 3 which originally would have meant most people would be on the same 30% marginal rate which was fairer for all.

[@clydesimpson1462]

Nobody in Australia should be paying more than 22.5% tax.

[@simonemullucks9446]

Packaged with a nice bow & no detail! Except of course $300 for everyone with no means testing - wt 🤦‍♀️

[@BronwynMichelle]

I will never understand how the government can say they have a surplus when there is a massive deficit!

[@999icecool]

This year’s budget doesn’t make any sense. Stupid government!

[@louminarty]

What about 5 things we need to know about "la resistance!" 😂

[@kittykat5523]

My oncologist told me to make sure i eat my fruit and veggies. 🤣🤣🤣 yeah right, cant afford that

[@georgekordis4268]

Did he also tell you they must be organic to have any affect that means double the price?

[@kittykat5523]

@@georgekordis4268 no he didnt! I dont generally look at the prices of organics because im not rich, but definitely something ill try if i ever fall into a pile of money

[@caveyful]

The energy rebate thingy and the increase in rent assistance is a slap in the face for those who live in their car so they can afford to eat. These are the people REALLY doing it tough, not ur middle class who are having difficulties paying their mortgage! (Not saying they have it easy either). I guess the homeless will soon be dead so they won't be on the stat sheets for long, eh labor. Just to clarify we are still better off under labor than liberal.

[@letmeexplain1816]

I'm seeing more and more homelessness and parents dipping into their savings to help family out financially !!

[@lindamansell7242]

This country has declined beyond recognition over the last 2 years of this Labour govt I’m shocked and completely dumbfounded that anyone would still vote Labor Both sides of govt over the decades have contributed to our troubles but the last 2 years have been an absolute nightmare for Aussies under labour Praying for you🙏🏻

[@caveyful]

@@lindamansell7242 Out of interest. Can I ask how old u are?

[@rbee3936]

Yes, 25 dollars a month is pitiful, but i bet it would be 24 dollars or less if it all got means tested - by the time they've employed people to do the means testing, the appeals process for mistakes, wasted time, etc - far easier, quicker and fairer just to give the money to everyone pro rata...

[@raymondford1543]

You can't even fuel your car to go to work to pay your taxes with this so called tax cuts

[@helen_3757]

Won’t make an aota of difference to my cost of living.

[@juliennesmart6523]

Thankyou Paul for your show..I look forward every night for your analysis..The $300 energy rebate is 52 weeks ÷ 300 is $5.72 per week...What an insult & a joke!!! WAKE UP Australia & Vote them OUT...

[@arrowrod]

Last I heard, the U.S. Federal Budget law is 40,000 pages. $6 trillion is a lot of entries. Clever, this video is about Australia, with their $25 budget. Duh.

[@debrahumphreys9305]

It only ends for Australians if power prices reduce FOREVER and this renewable push ends and we actually get power to sustain us all with no outages at low prices. We have the reserves to do this

[@steveg908]

Spending improves the economy. Only people with money can spend. This budget may keep the middle class in existence, maybe

[@marli-ngataijohnson4025]

So power is still way more expensive than it needs to be. Do nothing about that, just use someone else's money to pay for it! Makes perfect sense!

[@hickory01au]

Yes the last one we thought we were going to get there was an administration fee of 25 dollars from the power company...go figure

[@junyuandu3338]

Thanks god Thanks Albo When you and your mates getting more than 200 meal allowance daily You are so generous to give us 300 a YEAR

[@Loobygirl1]

This is what happens when you privatised things.

[@AAAA-vu7fp]

Housing is the evil in this country,the wage goes on mortgage not power

[@nicknick2236]

If you're working out tax cuts by how many beers you can buy, you have other problems

[@Kay-ph1kb]

If energy prices continue to increase that will quickly eat into the $300/$75 per quarter. On the face of it I am not feeling much relief.

[@jd4447]

Power company gets $300 but your bill goes up $500

[@Raynzia]

I didn't even notice the government subsidy I got last year for my power bill because the power company jacked up my costs for electricity by 28%. When they give relief in one sector in cost of living, its giving license for the provider of such service and resources to add to the cost. Notice fuel has gone up 20% conservatively, certain foods like meat & milk up 40% just to name a few things people have and use regularly. Civilian's dont get a thing but people are just uneducated and dont realise it and buy into this garbage. RBA has only one thing they can do. Higher inflation = rate rise Potential unemployment increase = rate rise Increased mortgage stress to try lower spending and increasing debt levels = rate rise Wife of an RBA board member leaves them = rate rise Was raining last Tuesday = rate rise Its a sad joke.......

[@Loobygirl1]

Isn’t electricity going up again now? So what will the $300 do?

[@deant6627]

This Labor government gives with using their pinching fingers while taking back with two hands.

[@BalaChi-i6x]

Rent is up only 7.7%. You mean Australian Average. Rent in Sydney itself is up 80% since Covid

[@Torana1974]

Haha yeah nah that won’t fix the damage they have put on Australians

[@geoffreyparker5980]

Do owners of multiple houses renting out with Airbnb with multiple energy accounts in corporate names get multiple $300 rebates or families with a beach house on a different account with a different energy provider get multiple $300 rebates what has the government done to limit this being wroughted ?

[@986najes8]

They say surplus when infact no surplus will be found. Lower tax receipts will force a economy further into the red.

[@LordlyStatistic]

Lets pay more interest on houses, great idea... Higher repayments for owners = higher rents = less money in everyones pocket = everyone struggles = small business dies.

[@darrenashley126]

By* $275 a year, now the * means up to. So we got nothing!

[@dennistregellis9162]

Thank you Paul, the people are not stupid, all this posturing! They are not governing,rather, taking their obscene pay under false pretences. Obscene!

[@robertholland7558]

My power bill has doubled over the last few years. Only thanks to various rebates it remains similar to what it was a few years ago. Time to nationalise the energy sector.

[@clydesimpson1462]

Not a chance Bowen has made sure the energy is foreign owned as much as possible.

[@vmura]

thats why they need 11 media advisers, to polish the spin & narrative

[@stephenpage-murray7226]

The RBA stated they’d like to see an increase in unemployment to 4.5%. Another 130,000+ lives ruined

[@eanmacroberts]

Where does the supposed rise in insurance come from at 8%? My house and contents insurance increased by 43% this year.

[@marcusluciani1620]

Wife not happy on that walk

[@deltabravo1371]

What the f does his family have to do with his budget announcement? The theatre is just ridiculous now.

[@mickeywhisker]

Our town runs off big diesel generators for our mains power and we don't get any money that helps with our power bill

[@barbaraburke762]

No votes from me for Labor. Too slimy by half. Never again.

[@kelvinwilsonpoet3200]

Whose wife and whose children? Were they rented?

[@darrenashley126]

I would love to know the % of people over 50 who are selling up and moving to other countries because they can't afford to live here anymore. I would have left when I was 30 if I had known what a shit show we have now.

[@peted3637]

This is our plan, 100%. Not that we can't afford to live here, it's just that everything is 1/3 or less in Malaysia that it costs here. The weather is great, the people are lovely, the food is amazing, and 95 and diesel are ~ 60 cents AUD. Houses and units cost about 1/4 the Oz price.

[@darrenashley126]

@@peted3637 I'm disabled and will probably be on the street in a year or two. I don't know how I'm going to live because I'm in bed 22 hours a day, I take 2 hours to move around and do the best I can.

[@peted3637]

@@darrenashley126 I'm sorry to hear that mate. :(

[@macca2342]

@@peted3637 Average Malaysian earns $ 25K AUD v $ 92KAUD for Australians so things should be 1/4 the price. Its all relative and someone who has earnt Australian $ retires in or moves to Malaysia they will reap a benefit.

[@empresswu7059]

Good grief no matter which talking heads babble on the budget is boring.

[@tonykinch4225]

You forgot that LNP left $1 trillion of debt !!

[@pieterwiffers3095]

Sack albo now

[@lucywk7635]

I'm sorry Jimbo why are you bringing your children to work and exploiting them? They are children and their privacy should be respected wherever possible.