Power and rent rebates to be included in budget
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The news: A power bill rebate and an increase to the Commonwealth Rent Assistance payment will be included in the federal budget, according to multiple media reports.
The context: The government will be introducing the measures at the announcement of this year’s federal budget tonight, with the cost of living a main focus.
Details of the rebates have not yet been revealed.
Last year’s budget provided up to $500 in power bill relief to five million households and small businesses could receive up to $650.
The federal government has revealed that it will deliver a second surplus in 2023-24 but the next two years will likely be weaker than previously expected.
