Government Ends Energy Subsidy, Backs Home Buyer Policy
Update: 2025-12-13
Description
Treasurer Jim Chalmers has decided to end the governments seventy-five dollar quarterly electricity subsidy, despite strong public support for its continuation. This move comes as households grapple with rising expenses and energy bills. The subsidy, which helped keep power prices in check, was set to add at least two billion dollars to public spending. Meanwhile, the governments five percent deposit policy for first-time home buyers enjoys broad public backing, despite criticism from some economists. Two Senate inquiries are examining tax arrangements and the impact of high prices on younger generations.
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