Treasurer Josh Frydenberg's 2022-23 federal budget addressed key issues expected to be covered in an election budget, including the cost of living, labour shortages, global supply chain issues and escalations in costs due to the war in Ukraine.
One-off direct financial support to families included a $250 cost of living payment, a $420 cost of living tax offset, and a halving of the fuel excise.
The government has allocated $589 million for community clean-up and recovery as a result of the floods in New South Wales and Queensland early in 2022, including $300 million from the Emergency Response Fund for recovery and post-disaster resilience initiatives.
There's $1 billion over four years for small businesses to claim 120% of the cost of digital technology tools and services, and $550 million to cover 120% of the cost of staff training. It's unclear whether not-for-profits will be eligible for this or similar support.
There's also $1.1 billion for women's safety measures over the next four years, towards prevention, early intervention, and counselling services.
According to this SBS report, the budget papers show that funding for the arts will fall from $989 million in 2021-22 to $799 million in 2022-23, and even further to $736 million in 2023-24. The Restart Investment to Sustain and Expand (RISE) Fund will receive another $20 million to help support the delivery and presentation of art activities across Australia, but it will be the last round of funding for this program.
It's still unclear when or how this money will trickle down to not-for-profits and community groups, but we'll be keeping our eyes and ears peeled for grant updates relevant to Funding Centre members.
In the meantime, log in to your Funding Centre account and sign up for alerts to be the first to know where the money is flowing, and to search for and manage your grant applications using the dashboard tool.
More information: Budget papers 2021-22 | Federal budget 2022: winners and losers, ABC | ACOSS response | Infographic: Budget 2022 at a glance, Pro Bono Australia | Federal Budget Insights 2022-23, PwC | Federal budget 2022: Who are the winners and losers? SBS