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Latest news: Budgets and Budgeting

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.

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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'

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

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

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

Concerns, doubts over Tasmania budget cuts

Concerns, doubts over Tasmania budget cuts

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

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

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

'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

Treasurer blames 'misinformation' for war on tax change

Treasurer blames 'misinformation' for war on tax change

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

'Making more': why young people will keep investing

'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.

Budget brawl escalates over rival tax cut proposals

Budget brawl escalates over rival tax cut proposals

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.

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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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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

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

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

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

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

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

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.

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