Budget 2022 explained! | $800m for govt from local vape industry | $400m: Australian Lamb acquired

Published: Oct. 25, 2022, 6 p.m.

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The federal budget has shown off a $42 billion improvement to the government\\u2019s bottom line over four years, but there won\\u2019t be any direct assistance around cost of living pressures.

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*Correction: The deficit is expected to reduce to just $36.9 billion.*

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The government is looking at imposing tough new rules on the vaping industry, as a new analysis shows that regulating vapes could deliver an $800m budget boost.

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Brazil\\u2019s Minerva Foods is buying Australia\\u2019s very own Australian Lamb Co for a whopping $400m.

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