Biggest winners and losers in federal budget revealed

WINNERS AND LOSERS IN THE 2023/24 BUDGET

WINNERS

Welfare recipients – Extra $40 a fortnight

Aged care workers – 15 per cent pay rise

Clean energy sector – Incentives for households and businesses

Renters – 15 per cent lift in Commonwealth Rent Assistance

Patients – More bulk-billing and after-hours care

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LOSERS

Smokers – Five per cent hike in tax every year for three years

Multinationals – 15 per cent global minimum tax

Wealthy retirees – Higher tax for balances over $3 million

Offshore gas producers – Extra revenue from Petroleum Resource Rent Tax

© AAP 2023