A significant number of Australian households will soon experience relief from the cost of living, thanks to the implementation of federal government policies. Effective from July 1, minimum wages for aged care employees across the country will increase by 15 percent. This pay rise will benefit personal care workers, nurses, and home care workers, allowing them to earn an additional $7,000 to $10,000 per year. Additionally, other measures to reduce living costs, such as cheaper childcare and electricity bill rebates, will also come into effect on July 1. The federal government has allocated a budget of $14.6 billion to alleviate the pressure of living expenses. However, concerns have been raised about potential inflationary effects due to such high spending. Treasurer Jim Chalmers acknowledges the challenges faced by Australians and asserts that these measures will provide much-needed assistance. Various other living cost measures will be implemented, including electricity bill rebates for welfare recipients and small businesses, an extension to housing programs for first home buyers, increased childcare subsidies for families with young children, and an enhanced paid parental leave scheme. Education Minister Jason Clare emphasizes that these changes will help businesses retain staff and offer opportunities for mothers returning to work. While the government views the cost of living package positively, Opposition leader Peter Dutton warns that it may lead to increased interest rates, which would adversely affect Australian families. In related news, the federal government has introduced $1.5 billion in tax incentives for small and medium businesses. These incentives include additional tax deductions for expenditures on training employees and adopting digital technologies. Treasurer Jim Chalmers notes that these measures will enhance productivity and promote the growth of small businesses.