The extra defence spending will cost the country an extra $33.5 billion a year: PBO
12.1 million recipients to benefit: PBO
One-time 50% GST bonus this year to cost over $3B
Revenue, program expenses both rose: fiscal monitor
Temporary 25% hike to GST credit will last for five years
Fiscal complacency hampers ability to deal with further shocks: GRI event
Report also calls for independent mechanism to define capital under the federal government's new spending framework
A rise in program expenses pushed the deficit higher than the same period last year
Nearly half of the spending was on social protection and health
New capital framework introduced 6 weeks before Budget 2025