SOUTH Australian Treasurer Stephen Mullighan has embraced the federal budget claiming its focus on the cost of living would be welcomed by workers receiving the stage three tax cuts.
Mr Mullighan said households getting energy bill relief and increases to rent assistance and cheaper medications was a positive.
“The Malinauskas Government also welcomes the reinstatement of interchange projects at Mt Barker and Verdun which will provide meaningful improvements for motorists and residents,” Mr Mullighan said.
“The Malinauskas Government has advocated loudly for hills residents since funding was removed from the projects last year.
“South Australia has retained a relatively large slice of infrastructure spending and large scale projects such as the tunnels and more broadly, the building of nuclear-powered submarines at Osborne, are testament to our strong working relationship with the federal government and its confidence in SA.”
According to the state government, South AUstralia would be “well-placed” to benefit from the $22.7b allocated to the Future Made in Australia package to accelerate investment in priority industries, including renewable hydrogen, green metals and low carbon liquid fuels.
It also welcomed the $100m for the South Eastern Freeway upgrade as well as the increase to rent assistance, cheaper medicines, less student loans, funding to strengthen Medicare and the funding for infrastructure to increase housing supply.
The funding for the Torrens to Darlington project being reaffirmed and reinstatement to interchange upgrades at Mount Barker and Verdun was also welcomed.
