Josh Frydenberg says Federal Budget to focus on cost of living measures

Tuesday’s Federal Budget is ready to ship aid for cost-of-living pressures, Treasurer Josh Frydenberg advised Today.

Speaking with Nine Political Editor Chris Uhlmann, Mr Frydenberg mentioned it will be “a budget for the times”.

“Australian families will see cost of living relief,” he mentioned.

Nine Political Editor Chris Uhlmann interviewed Treasurer Josh Frydenberg on Today. (Today)

He refused to disclose specifics of that aid, together with across the gas excise, tax breaks, or money handouts to lower-income households.

But he mentioned the federal government recognised that gas costs – pushed excessive by the conflict in Ukraine – was on the forefront of many peoples’ considerations.

And he denied that the Budget was centered on “buying” voters forward of the upcoming Federal election.

“The measures to provide cost-of-living” aid will probably be focused, they are going to be short-term, they are going to be proportionate,” Mr Frydenberg mentioned.

The COVID-19 pandemic has left Australia in a financial black hole following massive relief funding over two years, with the national deficit spiralling.

Grilled by Uhlmann, Mr Frydenberg acknowledged that the Coalition had jettisoned “ideology” to help Australians – but maintained that they had been “rightly important” of similar mass spending measures taken by the then-Labor government during the Global Financial Crisis of 2008-2009.

“We’ve responded in a really accountable and focused approach,” he said.

The COVID-19 pandemic hit the Australian economy hard. (Janie Barrett/Sydney Morning Herald)

He wouldn’t be drawn on when Australians could expect to next see a surplus in the budget, but said there were promising signs.

“What I do undertaking in Tuesday night time’s funds is a fabric enchancment to the underside line, which we’re banking,” he said.

You can watch the complete interview within the participant above.

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