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Latest news: Budgets and Budgeting

Labor defends insurance rebate cut as elderly targeted

Labor defends insurance rebate cut as elderly targeted

Moves to scrap extra private health insurance rebates for over-65s won't have a significant impact as analysis shows pensioners will face higher cost.

State keeps top-tier credit rating despite massive debt

State keeps top-tier credit rating despite massive debt

State keeps top-tier credit rating despite massive debt

State keeps top-tier credit rating despite massive debt

Australia's most populous state is the only one with a coveted Triple-A credit rating from a major agency, despite reaching similar debt levels to Victoria.

Debt to hit new high but nation's budget outlook steady

Debt to hit new high but nation's budget outlook steady

Debt to hit new high but nation's budget outlook steady

Debt to hit new high but nation's budget outlook steady

Federal tax changes threaten states and territories' budget bottom lines, but Australia's fiscal outlook remains steady, a new report says.

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Scrapping WA's GST deal a 'significant unfairness'

Scrapping WA's GST deal a 'significant unfairness'

Former ministers who helped set up a controversial GST deal for Western Australia have defended the scheme despite calls to scrap it.

Tax changes get tick of approval from ratings agency

Tax changes get tick of approval from ratings agency

Tax hikes on property investors will help keep budget pressures under control, ratings agency S&P Global says in a check-up of Australia's fiscal health.

Surprise inflation drop eases chance of RBA rate hikes

Surprise inflation drop eases chance of RBA rate hikes

Inflation figures have come in under the Reserve Bank's predictions, but some economists warn they might not paint a true picture.

'Real desire': gas tax on the cards at Labor conference

'Real desire': gas tax on the cards at Labor conference

Calls for a 25 per cent tax on gas exports could come to a head on the floor of Labor's national conference, as advocates say momentum is growing for the move.

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Tax push renders budget surplus forecasts 'unrealistic'

Tax push renders budget surplus forecasts 'unrealistic'

Tax push renders budget surplus forecasts 'unrealistic'

Tax push renders budget surplus forecasts 'unrealistic'

Treasury's assumption the federal budget will return to surplus within a decade is at risk because of likely tax cuts, an independent agency warns.

Disaster recovery change sparks council funding fears

Disaster recovery change sparks council funding fears

Disaster recovery change sparks council funding fears

Disaster recovery change sparks council funding fears

Outback mayors fear a federal disaster recovery funding change will leave them picking up the tab as a state government pumps money into an Olympics.

Pledge to fix 'widow's tax' on investment properties

Pledge to fix 'widow's tax' on investment properties

Pledge to fix 'widow's tax' on investment properties

Pledge to fix 'widow's tax' on investment properties

Concerns about how a tax hike on investments will impact couples in the event of death and divorce will be addressed, Labor says.

Treasurer responds after budget attack by ex-RBA head

Treasurer responds after budget attack by ex-RBA head

Treasurer responds after budget attack by ex-RBA head

Treasurer responds after budget attack by ex-RBA head

Former Reserve Bank governor Phillip Lowe has described Labor's latest federal budget as a "redistribution agenda".

'Not sugar hits': cost-of-living package under fire

'Not sugar hits': cost-of-living package under fire

'Not sugar hits': cost-of-living package under fire

'Not sugar hits': cost-of-living package under fire

A state government launching a post-budget sell has come under fire over a cost of living package that critics say doesn't make a difference to families.

Premier threatens to name and shame energy retailers

Premier threatens to name and shame energy retailers

Premier threatens to name and shame energy retailers

Premier threatens to name and shame energy retailers

Cost-of-living rhetoric is ramping up ahead of a state budget as leaders deliver warnings to energy companies.

Fight and flight: tax inquiry fuming just a smokescreen

Fight and flight: tax inquiry fuming just a smokescreen

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.

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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

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.

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

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.

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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

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

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

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

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

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'

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.

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Politics Australia New South Wales Queensland Economy, Business and Finance Health South Australia Defence Energy Energy and Resource Housing and Urban Planning Parliament Inquiry Government Flood Political Campaigns Economy Business Consumers State Budget and Tax

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