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Latest news: Budgets and Budgeting

Fight and flight: tax inquiry fuming just a smokescreen

Fight and flight: tax inquiry fuming just a smokescreen

Fears startup founders will pack up and move their businesses overseas due to tax changes are unfounded, a parliamentary inquiry hearing has been told.

Better but 'not perfect' tax reform wins expert support

Better but 'not perfect' tax reform wins expert support

Better but 'not perfect' tax reform wins expert support

Better but 'not perfect' tax reform wins expert support

Senators are being told to drown out the cries of vested interests and pass tax changes some economists say will make the economy fairer for working people.

Minister accuses states of exaggerating NDIS criticism

Minister accuses states of exaggerating NDIS criticism

Minister accuses states of exaggerating NDIS criticism

Minister accuses states of exaggerating NDIS criticism

State and territory ministers have hit out at looming reforms to the National Disability Insurance Scheme, but the minister in charge says they're posturing.

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Big bank changes RBA rate call as cost pressures ease

Big bank changes RBA rate call as cost pressures ease

Slowing economic activity and softer price growth could convince the Reserve Bank to keep rates on hold, with inflation pressures weaker than initially feared.

'Not a lot': treasurer defends $53 billion debt burden

'Not a lot': treasurer defends $53 billion debt burden

A state debt of $53 billion is "not a lot", according to a treasurer pointing to a ratings agency's praise for the government's solid financial management.

Budget relief for families but debt burden soars

Budget relief for families but debt burden soars

South Australians will share in a $500 million package to ease the cost of living as the government insists a $53 billion debt won't spiral out of control.

'Likely he's lying': treasurer points finger at rival

'Likely he's lying': treasurer points finger at rival

Future generations will be left with a "multibillion-dollar debt bomb" if the coalition repeals proposed tax changes, the treasurer warns.

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State budget to help unlock doors for first home buyers

State budget to help unlock doors for first home buyers

State budget to help unlock doors for first home buyers

State budget to help unlock doors for first home buyers

One state government has pledged to build hundreds of new homes for first home buyers only, with the first allotments already ready for sale.

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Treasury chief defends Labor's beleaguered budget

Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.

'Huge mistake': how Howard spurred Boomer investors

'Huge mistake': how Howard spurred Boomer investors

'Huge mistake': how Howard spurred Boomer investors

'Huge mistake': how Howard spurred Boomer investors

The share of property investors older than 60 has more than doubled since the capital gains discount was introduced, Reserve Bank of Australia research shows.

Defence 'trade-off' as $53b spending spree backloaded

Defence 'trade-off' as $53b spending spree backloaded

Defence 'trade-off' as $53b spending spree backloaded

Defence 'trade-off' as $53b spending spree backloaded

A fraction of the Australian government's decade-long defence funding boost is set aside for next financial year, analysis shows.

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

The coalition will still vote against the government's budget tax changes, even though it means voting against a $250 tax offset for working Australians.

Labor happy with softer housing market since budget

Labor happy with softer housing market since budget

Labor happy with softer housing market since budget

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

Investor tax cut call as opponents fight Labor plan

Investor tax cut call as opponents fight Labor plan

Investor tax cut call as opponents fight Labor plan

Investor tax cut call as opponents fight Labor plan

A Labor plan to reduce investor incentives has been branded a "productivity tax" as opponents call for lower taxes for those with money to put aside.

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Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

'Out of touch': businesses blast ex-PM's budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

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Tasmania economically growing - but so is its debt

Tasmania Premier Jeremy Rockliff says Treasury has tipped his state's economic growth to motor ahead in future years.

Labor defends budget tax changes despite critical polls

Labor insists it's taking the right approach to tax reform despite a majority of Australians saying the latest budget will leave them worse off.

Budget brawl escalates over rival tax cut proposals

The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.

Coalition migrant cuts plan triggers ire of uni sector

The universities sector, which relies heavily on fee-paying foreign students, says coalition plans to cut immigration would hurt the economy and cost jobs.

How housing became a generational budget battleground

Pitting investors against first home buyers in the name of intergenerational equity, Labor's fifth budget aims to address young people's housing struggles.

Chinese-Aussies slam coalition's 'unfair' welfare move

The Australian-Chinese community is uneasy after Opposition Leader Angus Taylor said he plans to axe welfare benefits from non-citizens.

Coalition's bracket creep plan to cost tens of billions

The coalition's economic plan for Australia would hand back more money to workers by indexing tax rates to inflation at a cost of tens of billions of dollars.

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Politics Australia Economy, Business and Finance Health South Australia Tasmania Defence Housing and Urban Planning Australian Capital Territory Parliament Education Government Political Campaigns Inquiry Economy Business State Budget and Tax Racism Immigration Construction and Property

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