The Australian Government's New Money Plan

May 10, 2026, 18:40
AustraliaFinance

Introduction

Jim Chalmers is the Treasurer. He will show the new budget. This plan shows how the country gets money and how it spends money.

Main Body

The government wants to help young people buy houses. They will change the tax rules for people who buy houses to make money. They will also tax luxury goods and digital money. Small businesses will get help. They can write off $20,000 for new things. The government will also make paperwork easier with a new digital ID. The government will spend a lot of money on defense and drones. They will spend $10 billion on fuel to keep the country safe. However, they will spend $15 billion less on the NDIS program.

Conclusion

The government wants to change taxes and help the economy grow. They want to keep prices stable.

Learning

πŸ’° The 'Action' Word: WILL

In this text, we see the word will many times. At A2 level, you need this to talk about the future.

How it works: Subject + will + action β†’ Future Result

Examples from the text:

  • He will show the budget. β†’\rightarrow (Future event)
  • They will change tax rules. β†’\rightarrow (Planned change)
  • They will spend money. β†’\rightarrow (Future cost)

πŸ› οΈ Simple Vocabulary Pairings

Don't learn words alone. Learn them in pairs (chunks) to speak faster:

  • Buy houses (Buying a home)
  • Make money (Earning profit)
  • Keep safe (Protection)
  • Digital ID (Online identity)

⚠️ The 'Contrast' Word: HOWEVER

When the story changes direction (from + to -), we use However.

  • Spending on drones β†’\rightarrow ↑\uparrow (More)
  • However, spending on NDIS β†’\rightarrow ↓\downarrow (Less)

Vocabulary Learning

treasurer (n.)
a person who manages money for a country, company, or organization
Example:The treasurer keeps track of the company's finances.
budget
A plan that shows how much money a person or group will spend and earn.
Example:She made a budget to save money for her trip.
budget (n.)
a plan that shows how much money will be earned and spent
Example:We made a budget for the holiday.
government
The group of people who run a country.
Example:The government announced new rules for schools.
tax (n.)
money that people pay to the government
Example:You have to pay tax on your income.
help
To give support or assistance.
Example:Can you help me carry this box?
luxury (adj.)
something expensive and not essential
Example:She bought a luxury car.
young
Not old; a person who is still growing.
Example:The young students learned to read.
digital (adj.)
related to computers or the internet
Example:Digital music can be downloaded.
people
Human beings.
Example:Many people came to the park.
ID (n.)
a card or document that shows who you are
Example:Show your ID at the entrance.
buy
To purchase something.
Example:I want to buy a new phone.
defense (n.)
the protection of a country from danger or attack
Example:The army is part of the country's defense.
houses
Buildings where people live.
Example:They built houses in the new neighborhood.
drone (n.)
an unmanned aircraft that flies by itself
Example:The drone flew over the city.
tax
Money that people pay to the government.
Example:You have to pay tax on your income.
fuel (n.)
a substance that powers engines or machines
Example:Cars need fuel to run.
rules
Guidelines that people must follow.
Example:The game has clear rules.
economy (n.)
the system of producing, buying, and selling goods and services
Example:The economy is growing.
luxury
Something that is very expensive or special.
Example:He bought a luxury car.
prices (n.)
the amount of money that goods or services cost
Example:Prices of groceries are high.
goods
Items that can be sold.
Example:The shop sells many goods.
stable (adj.)
steady and not changing much
Example:The economy is stable.
digital
Related to computers or the internet.
Example:She uses a digital camera.
program (n.)
a planned series of activities or events
Example:The school has a science program.
small
Not big.
Example:He lives in a small house.
help (v.)
to give assistance or support to someone
Example:Can you help me with this?
businesses
Companies that sell products or services.
Example:Local businesses need help.
spend (v.)
to use money to buy something
Example:I will spend $10 on coffee.
economy
The system of buying and selling.
Example:The economy is growing.