This is an analysis for those who are interested in the details, which I know it’s not everyone, but here is the overall conclusion (bolding is mine)

Overall, this budget continues Australia’s long-term underinvestment in nature.

While there are small short-term funding extensions for key biodiversity programs, they fall well short of what is needed to prevent extinctions, restore ecosystems and meet national environmental commitments. At the same time, the Government is investing heavily in streamlining environmental approvals and devolving powers to states, with a strong focus on process rather than environmental outcomes.

Nature underpins Australia’s economy and wellbeing - continuing to run down our natural assets while failing to adequately invest in their recovery is environmentally and economically short-sighted.

Lifting nature’s share of the federal budget to just 1% would provide enough funding to meet most of the Australian Government’s environmental commitments. Recent research undertaken by Monash University for the Biodiversity Council found that most Australians believe that at least 1% of the federal budget should be dedicated to nature protection.