2024 Budget Plan. Increase in soft drinks industry levy to account for inflation and introduction of cpi duty each. In fiscal year 2024, which ended on september 30, the federal budget deficit totaled $1.8 trillion—an increase of $138 billion (or 8 percent) from the shortfall recorded.


2024 Budget Plan

Living standards are still forecast to rise following the budget—but it’s a smaller rise than was expected before. It’s also historic because in 2024, rachel reeves became the first ever.

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