2024 Federal Budget: NAB Economic Commentary

  • Budget

The NAB Economics team provides analysis and insights on the 2024 Federal Budget, including commentary on what it means for health, small and medium business, education and individuals.

  • 15.05.2024
  • Time to read 1 min read
Share

Share

The NAB Economics team has responded to the 2024 Federal Budget, providing commentary on what it means for health, small and medium business, education and individuals.

 

2024 Federal Budget: NAB Economic Commentary

The NAB Economics team comments that, in many ways, the Budget is interventionist in its strategy – aiming to boost growth in critical areas and directly easing cost of living pressures.

Read the full report on the Business Research & Insights page.

What it means for Small and Medium Business

The instant asset write-off, energy relief featured this year plus the big, new Future Made in Australia program, which aims to make us a renewable energy superpower.

Read the full summary.

What the Federal Budget means for individuals

Gemma Dale unpacks the key measures of the Budget, including tax cuts, cost of living relief and student fee indexation, and what it means for you.

View the video on the Business Research & Insights page.

What the 2024 Federal Budget means for Regional & Agribusiness

Funding for drought relief, phasing out live exports and the instant asset-write off were key features of this year’s Budget for agri business.

Read the full NAB Group Economics report.

What it means for Private Wealth

In his third Budget The Treasurer delivered a second consecutive surplus for the 2023/24 financial year.
Read the summary in full.

What it means for Health

Significant policy initiatives were announced for the PBS and to boost Medicare, aged care and mental health services.

Read the full report.

Significant policy initiatives were announced for the PBS and to boost Medicare, aged care and mental health services.

Read the full report.

Read NAB CEO Andrew Irvine’s reflections on the Federal Budget in this NAB News statement.

Related Articles

  • Budget

Actions taken before 2030 critical to transition to net-zero global economy

Speaking in response to the 2024 Federal Budget NAB Group Executive Corporate & Institutional Banking David Gall said the Federal Government’s $24bn blueprint will play a critical role in transitioning to a net-zero economy and will help bring forward investment sooner.

  • 17.05.2024
  • Time to read 4 min read
  • Budget

Video: Federal Budget expert panel discussion

Nine journalist Deb Knight hosted a Federal Budget livestream event with our panel of NAB leaders and industry experts, unpacking the key announcements and delivering all the analysis, insights and key impacts.

  • 15.05.2024
  • Time to read 1 min read
  • Budget

NAB CEO reflects on the Federal Budget

Following the 2024 Federal Budget, NAB Group CEO Andrew Irvine commented on the Government’s commitments.

  • 15.05.2024
  • Time to read 1 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights