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Latest news: Budgets and Budgeting

'Making more': why young people will keep investing

'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.

Tasmania economically growing - but so is its debt

Tasmania economically growing - but so is its debt

Tasmania economically growing - but so is its debt

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 defends budget tax changes despite critical polls

Labor defends budget tax changes despite critical polls

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.

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Budget brawl escalates over rival tax cut proposals

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

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

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

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.

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Coalition's bracket creep plan to cost tens of billions

Coalition's bracket creep plan to cost tens of billions

Coalition's bracket creep plan to cost tens of billions

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.

Wharf termite repairs worm way into budget

Wharf termite repairs worm way into budget

Wharf termite repairs worm way into budget

Wharf termite repairs worm way into budget

The federal budget has carved out $10 million to tackle 'termites of the sea', as the Australian National Maritime Museum grapples with shipworms.

'Where the bloody hell are ya?': NZ's budget sledge

'Where the bloody hell are ya?': NZ's budget sledge

'Where the bloody hell are ya?': NZ's budget sledge

'Where the bloody hell are ya?': NZ's budget sledge

New Zealand is campaigning for Australian talent off the back of major tax reforms in the budget, with the Kiwi government also whacking the broken promise.

Tax, migration and NDIS in coalition's economic sights

Tax, migration and NDIS in coalition's economic sights

Tax, migration and NDIS in coalition's economic sights

Tax, migration and NDIS in coalition's economic sights

Opposition Leader Angus Taylor has unveiled a raft of economic policies aimed at winning back voter support and countering the rise of One Nation.

Middle ring could be 'hollowed out' by tax overhaul

Middle ring could be 'hollowed out' by tax overhaul

Middle ring could be 'hollowed out' by tax overhaul

Middle ring could be 'hollowed out' by tax overhaul

Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.

Taylor faces 'strategic error' in seizing on migration

Taylor faces 'strategic error' in seizing on migration

Taylor faces 'strategic error' in seizing on migration

Taylor faces 'strategic error' in seizing on migration

Angus Taylor is set to face one of his biggest challenges as opposition leader when he hands down his budget reply amid a growing challenge from One Nation.

Labor tucks away $77b war chest for further tax cuts

Labor tucks away $77b war chest for further tax cuts

Labor tucks away $77b war chest for further tax cuts

Labor tucks away $77b war chest for further tax cuts

A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.

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Up in smoke: budget loses $8b more to illicit tobacco

Treasurer Jim Chalmers has continued to resist calls to lower the tobacco excise despite the cigarette black market causing another downgrade in budget revenue.

Budget spending stokes fears of further rate rise pain

An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.

'These geniuses': PM's generational housing gamble

A fight is brewing over housing policy and tax after the federal government handed down a controversial budget, paring back concessions for landlords.

Labor faces parliament challenge to budget tax reform

The treasurer will need to get the Greens or the coalition on board in order to make sweeping changes in his fifth budget a reality.

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Budget lacks energy for big renewable project reforms

Households with solar panels and batteries could benefit from changes in the budget but big renewable energy changes were overlooked.

Green groups warn climate courage missing from budget

Budget announcements for green industry and nature protection fall short as climate costs mount and opportunities to extract more fossil fuel income go missed.

Business sector urges Canberra to tackle red-tape cuts

A powerful alliance of business groups has given the federal budget a tick but says Labor needs to take bigger steps to rid the sector of costly red tape.

Canberra embraces AI data crunch for medicines to tax

Artificial intelligence tools will be used in unexpected ways by the government, from finding tax-return mistakes to assessing environmental projects.

Targets and tests firm up for migrants under budget

A push for fewer, more skilled migrants and a more robust migration system has been outlined in the 2026/27 federal budget.

Aussies reliant on crucial medicines to save on scripts

More life-saving medications will be subsidised by the government as the federal budget outlines extra funding for price-controlled drugs.

Bleak outlook for national economy if Iran war drags on

Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.

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