Tonight, the Albanese  Government has handed down a Budget that delivers for locals across the Bellarine, Surf Coast and broader Geelong region.

Federal Member for Corangamite said the Budget is all about all about getting workers, families and businesses across the region through the global oil shock and building an economy that works for more people.

Ms Coekr said the new tax cuts mean that, on top of Labor’s existing tax cuts and a new $1,000 instant tax deduction being introduced next financial year, an average Australian worker could benefit by up to almost $3,000 by 2028. 

The Albanese Government is also reforming how capital gains tax and negative gearing work to help 75,000 extra homeowners into the market. 

Treasurer Jim Chalmers said this is all about putting homeowners first and will help more people across the nation get into the housing market.

“Right now, it’s too hard for too many Australians to get into the housing market and get ahead, but these reforms will help to address that,” he said. 

This builds on the Government’s work over the last four years to build more homes.

The Albanese Government is also making health care more affordable and accessible, including making medicines cheaper and making Medicare Urgent Care Clinics a permanent feature of our health system

“More than 3,000 people have visited the Torquay Medicare Urgent Care Clinic and around 99 million people have filled out a script for cheaper medicines across Victoria,” Ms Coker said. 

The Budget also includes important relief for small businesses – the Albanese Government is making the $20,000 instant asset write-off permanent from next year so that small businesses have the confidence to invest.

The Budget is also focussed on helping Australians get through the disruption caused by conflict in the Middle East. 

“We have already slashed the fuel excise which is flowing through to local residents at the bowser,” Treasurer Chalmers said.

“Now, we’re investing even more to ensure our cities, towns and regions have the fuel they need.” 

The Albanese Government's Budget is all about building a stronger, more resilient economy that works for more people, which will mean a better economy for people across the Bellarine, Surf Coast and Geelong region.