An easily accessible breakdown of the Federal government's budget from the ABC.
The winners, the losers, and the neutral recipients.

Here's where it plans to spend its money and where it plans to rein things in.

I just looked - I don't get even one penny of help for anything.
I'm a loser in this budget according to that website.



https://media.gab.com/cdn-cgi/image/width=410,quality=100/system/preview_cards/images/031/331/031/original/e897130ab15f2789.jpeg

https://www.abc.net.au/news/2022-10-25/federal-budget-2022-labor-government-winners-and-losers/101527460

There's more bad news in the budget for wage earners.With inflation expected to reach 7.75 per cent in December, workers' pay is expected to continue to go backwards until 2024-25.


    The treasurer had been painting a pretty grim picture for the economy in the immediate future and the budget backed up his comments.

    A forecast global downturn, mixed with rising inflation and the pressure on the federal government to provide disaster payments in the wake of the floods, are all going to weigh heavily on the economy.

    The budget papers show GDP growth falling by a quarter of a percentage point, to 3.25 per cent, this financial year and then falling again to 1.5 per cent next year.

    Thanks to sky-high commodity prices and surging inflation, the budget bottom line will improve by $40 billion.

    "Our economy is expected to grow solidly this financial year, by three and a quarter per cent, before slowing to one and a half per cent growth for 2023-24, a full percentage point lower than what was forecast in March," Treasurer Jim Chalmers said.

    But, at the end of the day, the broader long-term economic outlook for the budget's bottom line remains gloomy.

Electricity will rise by 20% next year… followed by another 30% thereafter.

Just when we were on solar panels to lower electricity cost… now it’s going up no matter what.
Off grid next? It’s about $25,000 - $45,000 for average 4 br home
But when it’s winter time here… not much sun…. :-/

Sophia wrote on Oct 25^th, 2022 at 9:05pm:

Electricity will rise by 20% next year… followed by another 30% thereafter. Just when we were on solar panels to lower electricity cost… now it’s going up no matter what. Off grid next? It’s about $25,000 - $45,000 for average 4 br home But when it’s winter time here… not much sun…. :-/

It will take forever to recoup your costs and
the batteries don't last forever.   :-/

Bobby. wrote on Oct 25^th, 2022 at 9:11pm:

Sophia wrote on Oct 25th, 2022 at 9:05pm: Electricity will rise by 20% next year… followed by another 30% thereafter. Just when we were on solar panels to lower electricity cost… now it’s going up no matter what. Off grid next? It’s about $25,000 - $45,000 for average 4 br home But when it’s winter time here… not much sun…. :-/ It will take forever to recoup your costs and the batteries don't last forever.   :-/

Yes I was just working it out… if a household has an average electric bill of $1500 pa it would take over 16 years to pay of $25,000 before it saves.
And then there’s the batteries!

IMAGE.....
https://globalnews24.eu/wp-content/uploads/2022/10/Analysing-Treasurer-Jim-Chalmers-speech.jpg


Don't you reckon that if Treasurer Jim Chalmers was tinted, he could almost pass for a Rishi Sunak doppelganger ?

Yadda wrote on Oct 25^th, 2022 at 9:35pm:

IMAGE..... https://globalnews24.eu/wp-content/uploads/2022/10/Analysing-Treasurer-Jim-Chalmers-speech.jpg Don't you reckon that if Treasurer Jim Chalmers was tinted, he could almost pass for a Rishi Sunak doppelganger ?

Oh dear Yadda ;D

"Meh"

Sophia wrote on Oct 25^th, 2022 at 9:26pm:

Bobby. wrote on Oct 25th, 2022 at 9:11pm: Sophia wrote on Oct 25th, 2022 at 9:05pm: Electricity will rise by 20% next year… followed by another 30% thereafter. Just when we were on solar panels to lower electricity cost… now it’s going up no matter what. Off grid next? It’s about $25,000 - $45,000 for average 4 br home But when it’s winter time here… not much sun…. :-/ It will take forever to recoup your costs and the batteries don't last forever.   :-/ Yes I was just working it out… if a household has an average electric bill of $1500 pa it would take over 16 years to pay of $25,000 before it saves. And then there’s the batteries!

Yes - the batteries will be lucky to work for 10 years and
they can cause massive fires.
I'd stay away from such systems.

AusGeoff wrote on Oct 25^th, 2022 at 8:33pm:

An easily accessible breakdown of the Federal government's budget from the ABC. The winners, the losers, and the neutral recipients. Here's where it plans to spend its money and where it plans to rein things in.

Good link there. Thanks 👌

Dear God Labor is absolutely hopeless!

The following lose out 😳🥺☹️

The Economy

Workers

Health Care

Aged Care

Essentially these 2 generations of Australians ie Gen X and Gen Y have been sacrificed!

As per usual Labor will NOT stay in power for long.

I will get solar panels and.a couple wind generators—for night and for winter.

Will look for free firewood too.

Lisa Jones wrote on Oct 26^th, 2022 at 11:27am:

AusGeoff wrote on Oct 25th, 2022 at 8:33pm: An easily accessible breakdown of the Federal government's budget from the ABC. The winners, the losers, and the neutral recipients. Here's where it plans to spend its money and where it plans to rein things in. Good link there. Thanks 👌 Dear God Labor is absolutely hopeless! The following lose out 😳🥺☹️ The Economy Workers Health Care Aged Care Essentially these 2 generations of Australians ie Gen X and Gen Y have been sacrificed! As per usual Labor will NOT stay in power for long.

Ok I'm gonna have a vent!

I can't believe Labor expects Gen X AND Gen Y to carry the extra burden of taking care of Australia's baby boomers by giving up their marriages and careers (and opportunity to earn an income to pay off huge mortgages) to become in home carers of elderly and frail baby boomers who cannot access aged care assistance as the system is bankrupt! The results of the Royal Commission which Labor relied on in order to bag the Liberals with ..has been ignored by Labor.

Meantime the freaking ABC is a winner in this Labor Budget! Pffft! Wrong priorities!

It's just terrible to see ANY government put a TV station above vulnerable Australians! Terrible!

Jim Chalmers is on TV now at the national press club.

Inflation has hit 7.3% -
it's all the money printing -
Labor is gunna print more.

I voted Labor and I feel violated.

"Your electricity bills will drop by $275 if you vote for us."

"Everything is going up except real wages."

"We have a plan to tackle the cost of living pressures."

>:(

Jovial Monk wrote on Oct 26^th, 2022 at 11:28am:

I will get solar panels and.a couple wind generators—for night and for winter.

You know the wind generally drops at night? ;)

To be even remotely successful you would need storage.

lee wrote on Oct 26^th, 2022 at 12:50pm:

Jovial Monk wrote on Oct 26th, 2022 at 11:28am: I will get solar panels and.a couple wind generators—for night and for winter. You know the wind generally drops at night? ;) To be even remotely successful you would need storage.

Yes - short of cash but if I had it I'd have the batteries and the windmill...... sometimes the wind at night is a goer ...

Mortgage Assistance to pensioners with a mortgage.

https://i.imgur.com/ob1fHKF.jpg

Bobby. wrote on Oct 25^th, 2022 at 9:11pm:

Sophia wrote on Oct 25th, 2022 at 9:05pm: Electricity will rise by 20% next year… followed by another 30% thereafter. Just when we were on solar panels to lower electricity cost… now it’s going up no matter what. Off grid next? It’s about $25,000 - $45,000 for average 4 br home But when it’s winter time here… not much sun…. :-/ It will take forever to recoup your costs and the batteries don't last forever.   :-/

Agreed.  The time period to amortise the cost of supplying and
installing solar panels and a storage battery are prohibitive for
the average Aussie homeowner.

A Tesla Powerwall is probably the best battery, but costs around
$17,000.    And that doesn't include the installation cost.  For
most batteries currently on the market, you can expect a minimum
"warranted" life expectancy of 10 years.  But... a battery is typically
said to be at the end of its "useful" life when it fails to meet around
60% of its nominal storage capacity.   Which is obviously an unknown
variable.

On the other hand, the solar panels will last around 20 years, but
some have been reported to be failing at just 10-15 years.   But
there's already a drawback... currently, most broken or expired solar
panels end up in landfill, and experts have been warning for some time
that more than 100,000 tonnes of modules will end up there by 2035.

Solar panels are 100% recyclable but stripping and sorting the materials
is a costly exercise and the return on those materials isn't yet large
enough to cover the recycling cost.

So, would I install solar panels and a battery tomorrow, or next year?
Absolutely no way.  I doubt that in the next decade I'd even recoup my
costs doing so, let alone pocket any imaginary savings.

https://i.imgur.com/DgvcdjK.jpg

Bobby. wrote on Oct 25^th, 2022 at 8:53pm:

I just looked - I don't get even one penny of help for anything. I'm a loser in this budget according to that website

Not just according to that website

Outrage as federal government slashes billions of dollars from public hospitals in budget

By political reporter Stephanie Dalzell
Posted 8h ago8 hours ago, updated 7h ago

A federal government decision to slash billions of dollars from public hospitals over the next four years has enraged doctors, who argue they are "stunned" the government would cut money on the back of rising inflation, a burnt-out workforce and a huge backlog of elective surgeries.

his week's federal budget revealed payments to the states and territories for public hospitals are expected to decrease by more than $755 million this financial year and, overall, funding is expected to be cut by $2.4 billion over four years.

Federal Australian Medical Association (AMA) president Steve Robson said he was shocked that money was being cut when demand for hospital services was at "an all-time high".

"We know that hospitals are at capacity, with ambulances ramping outside emergency departments and patients waiting years for essential elective surgery," Professor Robson said.

"And we know that hospitals are struggling to address the backlog of care that has been created by COVID-19."

The states and territories have an agreement with the Commonwealth, where hospitals are funded — according to the how many and what type of patients they treated the previous year — and that's adjusted for cost increases such as wage growth, rent hikes, equipment and electricity.

This is known as activity-based funding and is different from what happens in smaller, regional hospitals, where they receive "block funding" or lump-sum payments.

Health Minister Mark Butler said the funding reflected a forecasted reduction in the amount of hospital services provided.

"We're not cutting money," he said on Thursday.

"The amount that the Commonwealth pays every year to state governments is based on the advice that they give to us via the hospital funding administrator about the level of activity that they're having in their hospitals.

"COVID has obviously had an impact, for example, on the amount of elective surgery — particularly the two big states — have been able to undertake.

"We are doing what governments, for years, now have done and that is paying for the activity that takes place in the hospitals, based on the advice from the state governments."

However, Professor Robson argued, hospitals were doing less simply because they do not have enough staff or money and are being forced to cut back.

"Why are the states and territories forecasting a reduction in hospital services at a time where demand is at a record high? The answer is simple: States and territories need to expand their capacity — more beds and more staff to meet community demand," he said.

"But they don't have the staff, they might not have the beds, and the current funding model is broken, with the overall investment from both the states and territories, and the Commonwealth, falling short of what is needed."

In recent months, pressure has been mounting on the federal government to ramp-up hospital funding to the states and territories, with the ongoing tug-of-war between the nation's leaders over who should foot the bill for hospital demand escalating during the pandemic.

Historically, the federal government has covered 45 per cent of the cost of public hospital services — using activity-based funding — with the states and territories paying for the rest.

However, at the height of the pandemic, the federal government agreed to pay a greater share of overall funds through a 50-50 funding deal that runs until the end of this year.

But that money comes with strings attached: The Commonwealth puts the brakes on any large cost increases by constraining annual growth to 6.5 per cent, which limits the federal increase to about $2 billion a year.

This means that the states and territories have to cover any additional expenses incurred beyond that, and they have long been angling for a new funding package that exceeds the cap and extends the 50-50 sharing arrangement.

Professor Robson said that, given the states and territories have been calling for more money, the funding cuts did not make sense.

"With the COVID-19 50-50 hospital funding due to end in December, the situation will only worsen, at a time when — if we look at what is happening internationally — we are likely to see another spike in COVID-19 cases."

Key points:

Budget papers have revealed $2.4 billion is being cut from public hospitals over the next four years

The AMA says it's shocked money is being cut when demand is at an all-time high

Health Minister Mark Butler has defended the decision, arguing it's based on forecast demand from the states

https://www.abc.net.au/news/2022-10-27/federal-budget-prompts-health-funding-backlash/101585400

Bobby. wrote on Oct 25^th, 2022 at 8:53pm:

I just looked - I don't get even one penny of help for anything. I'm a loser in this budget according to that website.

It's a sad analyses of government expenditure, when the first commentary from the public you'll hear is "What's in it for me ?"

The media are just a much to blame, with their "winners and losers" lists - and all you need to know to "beat the taxman"

I don't have any kids, but I'm fully supportive of increased government expenditure on education.
I'm (reasonably) able bodied, but I can see the NDIS needs a massive cash injection

How about a bit of thought on what's best for the country - and a bit less of "ME, ME and ME"


. 

Bobby. wrote on Oct 25^th, 2022 at 8:53pm:

I just looked - I don't get even one penny of help for anything. I'm a loser in this budget according to that website.

You don't need help. People who can't afford to heat or cool their homes do need help.

buzzanddidj wrote on Oct 31^st, 2022 at 10:21am:

Bobby. wrote on Oct 25th, 2022 at 8:53pm: I just looked - I don't get even one penny of help for anything. I'm a loser in this budget according to that website. It's a sad analyses of government expenditure, when the first commentary from the public you'll hear is "What's in it for me ?" The media are just a much to blame, with their "winners and losers" lists - and all you need to know to "beat the taxman" I don't have any kids, but I'm fully supportive of increased government expenditure on education. I'm (reasonably) able bodied, but I can see the NDIS needs a massive cash injection How about a bit of thought on what's best for the country - and a bit less of "ME, ME and ME"

Well said.

Just another example of a dysfunctional economic system pitting taxpayer against taxpayer.

Bobby. wrote on Oct 25^th, 2022 at 8:54pm:

https://www.abc.net.au/news/2022-10-25/federal-budget-2022-labor-government-winners-and-losers/101527460 There's more bad news in the budget for wage earners.With inflation expected to reach 7.75 per cent in December, workers' pay is expected to continue to go backwards until 2024-25.     The treasurer had been painting a pretty grim picture for the economy in the immediate future and the budget backed up his comments.     A forecast global downturn, mixed with rising inflation and the pressure on the federal government to provide disaster payments in the wake of the floods, are all going to weigh heavily on the economy.     The budget papers show GDP growth falling by a quarter of a percentage point, to 3.25 per cent, this financial year and then falling again to 1.5 per cent next year.     Thanks to sky-high commodity prices and surging inflation, the budget bottom line will improve by $40 billion.     "Our economy is expected to grow solidly this financial year, by three and a quarter per cent, before slowing to one and a half per cent growth for 2023-24, a full percentage point lower than what was forecast in March," Treasurer Jim Chalmers said.     But, at the end of the day, the broader long-term economic outlook for the budget's bottom line remains gloomy.

And yet you reject MMT, which proposes a zero interest- rate policy, and a Job Guarantee.

Good luck, while Chalmers keeps spouting the neoliberal  debt and deficit mythology, to avoid assisting low-income families with cost of living expenses.

lee wrote on Oct 26^th, 2022 at 12:50pm:

Jovial Monk wrote on Oct 26th, 2022 at 11:28am: I will get solar panels and.a couple wind generators—for night and for winter. You know the wind generally drops at night? ;)

Only to pick up again at sparrow's....  ;)

And Chalmers says he can't "afford" to help low income families with their energy bills.

Rod Sims has an answer.

https://theconversation.com/cheaper-gas-and-electricity-prices-are-within-australias-grasp-heres-what-to-do-193388

"What we are talking about is the gas the three producers have available beyond their need to service these long contracts. This gas can either be exported to the spot, or short-term, market at very high prices or sold domestically.

They should be told they can only export gas to the currently lucrative international spot market if they sell sufficient gas domestically to get prices clearly below $10 a gigajoule.

Thereby avoiding implications (however misplaced) for the budget.

Of course the gas companies will squeal like stuck pigs....

Simple enough - but the government won't come at it - not only are they afraid of being called Socialists = Communists od Neo-Fasciss and tyrants (like Castro) and risk the wrath of the 'capitalist' world - but many of them probably own shares as well...

Easy-peasy - you leave enough out of your highly profitable contract here at base price and sell the rest in your 'global economy' where you sell at rip-off prices to 'rich countries' like Australia and cheap as chips to all others - same as every other resource... and NO foreign ownership.

The simple fact that it is sold at ridiculously low prices Offshore means they have no issue with selling it for the lowest price here.

When will we find a government with the balls to stand up and be counted for its people?

https://ourworldindata.org/grapher/natural-gas-prices

https://www.iea.org/data-and-statistics/charts/natural-gas-prices-in-europe-asia-and-the-united-states-jan-2020-february-2022

Sophia wrote on Oct 25^th, 2022 at 9:05pm:

Electricity will rise by 20% next year… followed by another 30% thereafter. Just when we were on solar panels to lower electricity cost…

If "they" put up MY electricity bill by 20% - and then by 30% - they'd need to let me know at some stage

With solar panels that generate FAR more than I use - and pay a rather large feed in of tariff of 62 cents per kwh - plus a heatpump hot-water service and washing machine, low-energy appliances plus ceiling, wall and floor insulation ...

I don't get power bills, just quarterly rebates deposited into my bank account.
On a pension, I borrowed money for the set-up - and I KNOW there are many electricity consumers out there wishing they'd done the same thing.

ALSO, bear in mind two things - any increases will ALWAYS be LOWER for the person who has ANY number solar panels - against the person who DOESN'T

And NO government has ANY power, whatsoever, on power prices - or whether the owners shut them down early and totally

This is in line with the Howard mantra, "let the market decide"


https://www.margaretrivermail.com.au/images/transform/v1/crop/frm/160696252/35786e50-2463-4274-81a6-83e86fc685c8.jpg/r0_177_3456_2128_w1200_h678_fmax.jpg



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