Share and Follow
“Ordinarily pre-election budgets are the ones that are full of goodies for families … but this is an accidental budget with cyclones throwing off the timing for the government of its election plans so it’s already announced a bunch of things we will see,” he said.
Here are six things we know will be included in the 2025 budget:
More power bill relief
The federal funding follows last year’s $3.5 billion power bill sweetener which offered $300 per household. The extension adds $1.8 billion to the budget over the forward estimates.
Major boost to Medicare

Labor has described its funding commitment to Medicare as the single largest investment in the health insurance scheme since it was created in 1984. Source: AAP / Jeremy Ng
Incentives for apprentices
The $626 million promise will mean apprentices get $2,000 on top of their wages at six, 12, 24, 36 months and once they complete their training.
Alcohol excise freeze
In a win for beer drinkers, the Albanese government has committed to freezing the draught beer excise for two years from August 2025.

Labor will freeze the beer tax for two years if re-elected. Source: Getty / Bec Hannaford
The cost of the measure will be revealed in Tuesday’s budget.
It follows a $280 million forecasted loss from the spirits tax revenue, announced in the federal government’s MYEFO.
Women’s health cheaper under PBS additions
Coming into effect on 1 May, this includes several oral contraceptive pills, the endometriosis medication Ryeqo and IVF medication Pergoveris.
Cuts to student debt
The measures target young Australians, with the upcoming federal election marking a significant shift in voter demographic, as gen Z and millennial voters now outnumber baby boomers in every state and territory for the first time.