The Entire 2023 Federal Budget Explained
Channel: loomhigh
Date: 2023-07-15

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00:00 Introduction:
The Australian Federal Budget is a document that contains the country's fiscal performance, policy, and projections. It's a big book, with a lot of data that goes over my head, reminding me why I hate maths. Importantly, It is very useful to find out what the government is doing.

On the 9th of May, the Australian Treasurer Jim Chalmers of the Albanese Labor government released the 2023-24 Federal Budget. This is the second budget delivered by the regime. After 10 years of a severely corrupt government poorly handling multiple major disasters on both a national and global scale, people are looking to The Prime MInister to fix Scott Morrison’s damage to our institutions.

Trying to understand what is being done, I decided to go through most of the policies written in the budget and research them on a basic level. From there I hope to delve further into the more interesting ones at a later date.

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This series will be split into instalments based on 4 of the 5 key Policy initiatives

00:32 Responsible and targeted Cost-of-living relief

09:02 Strengthening Medicare

15:59 Broadening opportunities in our society and around the country

22:05 Investing in a stronger and more secure economy

The goal is not to express opinions on how the government is doing. What I want out of this video is a basic understanding of all the major moves by the government, and to collect questions about each one to make more critical insights into whichever policies arouse the most interest.

With that in mind, Please ask any questions you have in the comments or on the document in the description, the more I have the better my future videos will be. 

Without further Ado, let's begin.