The 2025 Australian Federal Budget introduces several significant measures impacting infrastructure and the commercial sector.
In his Budget Speech Treasurer Jim Chalmers said: “This Budget builds on the progress we’ve made, together.
• It’s a plan to help with the cost of living –
• With two new tax cuts, and higher wages –
• More bulk billing, and more help with electricity bills –
• Cheaper medicines, and less student debt.
• And it’s a plan to build Australia’s future –
• With more homes –
• New investments in skills and education –
• Competition reforms and a Future Made in Australia.”
He also said, “This is a responsible Budget with five main priorities:
• Helping with the cost-of-living;
• Strengthening Medicare;
• Building more homes;
• Investing in every stage of education; and
• Making our economy stronger, more productive and more resilient.”
National Infrastructure
The budget includes funding for various national infrastructure initiatives, such as upgrades to the Bruce Highway in Queensland and the Stuart Highway in the Northern Territory, as well as improvements to the National Broadband Network (NBN). These projects aim to enhance connectivity and support economic growth across multiple regions.
$3 billion in additional equity to complete the rollout of the National Broadband Network.
50 new Medicare urgent care clinics
The new centres would open before the middle of next year across each state and territory. The new network of urgent care clinics was central to Labor’s last election campaign, and Labor is now promising to expand the existing 87-clinic network if re-elected. The clinics offer only bulk-billed consults and operate on a walk-in basis. Labor is promising to have all 50 new clinics open before the middle of 2026.
Queensland
Brisbane 2032 Olympics
Approximately $1.5 billion is allocated for infrastructure and facilities development in preparation for the Brisbane 2032 Olympic Games, ensuring the city is equipped to host the event.
Disaster Relief
An additional $1.2 billion has been allocated to the Contingency Reserve towards rebuilding affected communities impacted by ex-tropical cyclone Alfred.
Bruce Highway
Infrastructure An additional $7.2 billion has been put towards upgrading and fixing the Bruce Highway in Queensland, to bring it to a minimum three-star safety rating.
Housing Construction Support
To address labour shortages in the housing sector, the budget introduces incentives for apprentices and employers, including up to $10,000 for eligible apprentices and $5,000 for employers in key trades.
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New South Wales (NSW)
Infrastructure Projects
The budget includes funding for significant infrastructure projects in NSW, such as upgrades to major highways and public transport systems, aiming to improve connectivity and reduce congestion.
$2.3 billion for Western Sydney, with $1 billion for the rail network alone.
Housing Initiatives
As part of the national plan to build 1.2 million new homes by the decade’s end, NSW is set to receive substantial support to address housing affordability and supply issues.
Victoria
Increased Federal Funding
Victoria’s share of federal funding has increased by approximately $14 billion since the previous budget, reflecting the government’s commitment to supporting the state’s infrastructure and public services.
Transportation Upgrades
Allocations for road and rail projects aim to enhance the state’s transportation network, facilitating better movement of goods and people.
$2 billion towards transforming Sunshine Station, taking our Melbourne Airport Rail investments to $7 billion.
Western Australia (WA)
Resource Sector
Funding is directed towards projects that support the resource sector, including infrastructure that facilitates mining operations and export activities, crucial for WA’s economy.
Infrastructure Investment Program
Renewable Energy Initiatives
Investments in renewable energy projects aim to diversify the state’s energy portfolio and promote sustainable practices.
South Australia (SA)
Curtis Road Level Crossing Removal
An allocation of $125 million is designated for the removal of the Curtis Road level crossing, enhancing transportation efficiency and safety in the region.
Whyalla Steelworks Support
A previously announced $1.9 billion bailout for the Whyalla steelworks is identified as a “fiscal risk,” indicating potential future financial obligations to stabilise operations and preserve employment in the area.
Tasmania
Salmon Industry Legislation
The government proposes environmental legislation to support Tasmania’s salmon industry, aiming to balance economic growth with environmental protections.
Infrastructure Funding
Allocations for infrastructure projects focus on improving transportation and connectivity within the state.
Australian Capital Territory (ACT)
Public Service Expansion
The budget outlines plans to increase public service roles, impacting employment and service delivery within the ACT.
Healthcare and Education Reforms
Significant investments are planned for healthcare and education sectors, aiming to enhance public services and outcomes.
Northern Territory (NT)
Stuart Highway Upgrades
Funding is allocated for upgrades to the Stuart Highway, improving a critical transportation route for the territory.
Indigenous Community Support
The budget includes measures aimed at supporting Indigenous communities, focusing on health, education, and employment initiatives.
These budgetary measures reflect the government’s focus on enhancing infrastructure, supporting small businesses, promoting environmental accountability, and preparing for significant international events, all while maintaining fiscal responsibility.