Tag: Australian budget
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Military compensation costs push government staffing bills higher
Overview: A Budget with a Sharp Rise in Military-Related Costs The final budget outcome for the 2024-25 financial year reveals a double-edged result: an improved overall deficit by comparison with earlier forecasts, but a notable surge in public sector expenses driven largely by military compensation costs. While Treasurer Jim Chalmers framed the outcome as a…
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Military compensation costs push govt staffing bills higher
Overview: A spike in military-related compensation tied to broader budget outcomes The 2024-25 budget results show an underlying deficit of about $10 billion, a notable improvement from the $28 billion gap forecast before the election. Yet behind the headline numbers lies a significant drag on staffing costs in the public sector, driven largely by a…