Where our money is going overseas

Charles Croucher breaks down 2024 federal budget

Warring nations and our allies overseas are set to receive hundreds of millions of dollars in this year's federal budget.

Treasurer Jim Chalmers acknowledged global tensions when he presented the budget tonight but remained focused on outlining domestic policies, which make up majority of the bill.

A flip through the budget papers, however, has detailed the countries which are set to benefit from our taxpayer support.

TWO-MINUTE GUIDE: What's in the federal budget

Ukraine is the biggest recipient of our funding and is continuing to receive $144.3 million to fight against an ongoing Russian invasion.

This includes $100 million to support the country procuring military equipment, $43.5 million to provide them with air defence systems and $800,000 to provide them with three oxygen generators as the country enters its third year in the war.

The budget has also extended Ukraine's duty-free imports to Australia for another two years, which is estimated to decrease receipts by $2 million over the five years.

"Australia remains resolute in its support for Ukraine's sovereignty in the face of Russia's illegal invasion," Foreign Affairs Minister Penny Wong said in a joint statement with Trade Minister Don Farrell and Defence Industry Minister Pat Conroy.

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Treasurer Jim Chalmers delivered his third budget on Tuesday night.

$13.2 million over two years was put aside last year to support the government's response to the Hamas and Israel conflict boiling in the Middle East.

Another $1 million has been used to fund 140 parachutes to deliver humanitarian aid to besieged civilians in Palestine.

Another large focus for Australia has been our relationship with Pacific Island countries.

$60.8 million has been allocated for the Australian Defence Force to provide security and support for the 2024 Solomon Islands Joint Elections.

We are supporting the development of telecommunication infrastructure in the Solomon Islands which will be partly funded with existing resources of the Department of Foreign Affairs and Trade.

The dollar figure has not been outlined.

"The Australian Government understands that our prosperity, security and economic future is tied to our region," the ministers' joint statement read.

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