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Latest news: Budgets and Budgeting

Borrowing blowout tipped in mid-year budget update

Borrowing blowout tipped in mid-year budget update

The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.

Taxpayers slugged as state's deficit rises to $1.4b

Taxpayers slugged as state's deficit rises to $1.4b

Taxpayers slugged as state's deficit rises to $1.4b

Taxpayers slugged as state's deficit rises to $1.4b

The Victorian government's $1.4 billion deficit in the mid-year budget update has forced it to dip its hand into taxpayers' pockets to fund critical services.

PM to resign as France's political crisis deepens

PM to resign as France's political crisis deepens

PM to resign as France's political crisis deepens

PM to resign as France's political crisis deepens

Michel Barnier will quit as prime minister after a historic no-confidence vote, but the next government will face the same problems getting its budget passed.

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Deals on the bus go down, down: transport costs plunge

Deals on the bus go down, down: transport costs plunge

Transport costs have fallen for Australian households, a report shows, led by public transport discounts and falling fuel prices.

France 'at turning point' ahead of no-confidence vote

France 'at turning point' ahead of no-confidence vote

A French minister is warning colleagues "not to plunge the country into uncertainty" as Michel Barnier's government faces a historic collapse over the budget.

Hint of consumer recovery to keep RBA focused on prices

Hint of consumer recovery to keep RBA focused on prices

Australia's retail sales enjoyed a boost from an early start to Black Friday discounting and recovering bank balances following tax cuts.

Call to boost Aussie research funds as review launches

Call to boost Aussie research funds as review launches

A study of Australian research investments has been welcomed by business, academic and technology groups, but some say more urgent action is needed.

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'Surprise' budget windfalls drying up, economists warn

'Surprise' budget windfalls drying up, economists warn

'Surprise' budget windfalls drying up, economists warn

'Surprise' budget windfalls drying up, economists warn

Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.

'A sliver': don't expect oversized budget windfalls

'A sliver': don't expect oversized budget windfalls

'A sliver': don't expect oversized budget windfalls

'A sliver': don't expect oversized budget windfalls

Falling iron ore prices and a weaker labour market will weigh on this year's revenue upgrades, the federal treasurer says.

Spending on NDIS $1 billion lower than forecasts

Spending on NDIS $1 billion lower than forecasts

Spending on NDIS $1 billion lower than forecasts

Spending on NDIS $1 billion lower than forecasts

Lower spending on the NDIS won't mean a lack of support for people with disabilities, Minister Bill Shorten says, following updated budget forecasts.

UK treasurer says claims more plans to boost growth

UK treasurer says claims more plans to boost growth

UK treasurer says claims more plans to boost growth

UK treasurer says claims more plans to boost growth

After a budget of big tax increases and borrowing, Britain's finance minister insists her government has more in the cupboard to help rev the UK's slow economy.

Budget blowout won't impact police frontline: premier

Budget blowout won't impact police frontline: premier

Budget blowout won't impact police frontline: premier

Budget blowout won't impact police frontline: premier

A $116 million budget blowout will not impact frontline police services, Queensland Premier David Crisafulli says as he vows to bolster their ranks.

LNP drum up support after dancing around costings

LNP drum up support after dancing around costings

LNP drum up support after dancing around costings

LNP drum up support after dancing around costings

The Queensland opposition has drummed up interest for its youth crime prevention measures after being accused of dancing around costings ahead of the election.

Time for a check-up: hospitals not yet climate ready

Time for a check-up: hospitals not yet climate ready

Time for a check-up: hospitals not yet climate ready

Time for a check-up: hospitals not yet climate ready

All-electric hospitals could cut emissions by using clean energy under a proposed retrofit that would also keep services on during power cuts and catastrophes.

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China stimulus a 'very good development for Australia'

After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.

Hospitals handed $1.5b lifeline, spared forced mergers

Hospitals in Victoria will not be forced to amalgamate as the state government pledges to inject $1.5 billion in funding for services.

Second budget surplus in reach as inflation runs hot

Another forecast budget surplus would help in the fight against rising prices, says the government amid pressure over the latest hot inflation readout.

Living cost relief, housing top ACT's budget priorities

Cost-of-living help has been handed to struggling to households in an ACT budget that also vies to tackle the housing crisis and other slower-burn challenges.

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Rates on hold yet inflation risks remain on RBA's radar

The threat of inflation has not been neutralised and the Reserve Bank is still prepared to pull the trigger on another interest rate hike if needed.

Bulk-billing hope with GP deal to end tax stand-off

Fears of shuttered GP clinics or more patients being slugged with gap payments have been allayed, but there's concern over the overall NSW health budget.

Record $26b green energy boost for emissions target bid

Queensland Labor has earmarked huge funds for green power, storage and transmission projects to support the state's emissions targets.

I haven't forgotten what it means to struggle: Albanese

As Labor faces criticism over the cost of living relief it has provided vulnerable Australians, the prime minister says he hasn't forgotten the struggle.

Dutton's target on migrants a 'race to the bottom'

A coalition plan to slash migration has been labelled as "xenophobia" and Labor is being urged not to allow the "racist trope" to dictate the housing debate.

Dutton pledges to slash migration to fix housing crisis

Peter Dutton has laid out a plan to get Australia "back on track" in his budget response that would crack down on migration and international students.

Economists warn budget could 'poke inflationary bear'

Loosened purse strings cast doubts over the inflation-fighting credentials of the Albanese government's third budget, which also points to a weakening economy.

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