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Latest news: Budgets and Budgeting

Second budget surplus in reach as inflation runs hot

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

Living cost relief, housing top ACT's budget priorities

Living cost relief, housing top ACT's budget priorities

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.

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

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

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

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.

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

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

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

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'

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.

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Dutton pledges to slash migration to fix housing crisis

Dutton pledges to slash migration to fix housing crisis

Dutton pledges to slash migration to fix housing crisis

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'

Economists warn budget could 'poke inflationary bear'

Economists warn budget could 'poke inflationary bear'

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.

Renters get quick relief as new housing takes time

Renters get quick relief as new housing takes time

Renters get quick relief as new housing takes time

Renters get quick relief as new housing takes time

Further support has been made available for tenants battling a rental crisis, but there's no quick fix to supply new homes.

Bill shock sparks annual rebates for homes, businesses

Bill shock sparks annual rebates for homes, businesses

Bill shock sparks annual rebates for homes, businesses

Bill shock sparks annual rebates for homes, businesses

Energy price relief for households and more than a million small businesses will come quarterly with $75 knocked off bills.

Treasurer backs rebates for all in cost-of-living fight

Treasurer backs rebates for all in cost-of-living fight

Treasurer backs rebates for all in cost-of-living fight

Treasurer backs rebates for all in cost-of-living fight

Treasurer Jim Chalmers has defended the use of $300 energy rebates for all households in the federal budget, despite calls to means test the measure.

Budget reveals plans to generate AI rules, restrictions

Budget reveals plans to generate AI rules, restrictions

Budget reveals plans to generate AI rules, restrictions

Budget reveals plans to generate AI rules, restrictions

Bans and advice on the use of artificial intelligence technology in fields like health and copyright law are coming after a budget boost.

Antarctic mission and Great Barrier Reef secure funding

Antarctic mission and Great Barrier Reef secure funding

Antarctic mission and Great Barrier Reef secure funding

Antarctic mission and Great Barrier Reef secure funding

Australia's research in Antarctica has been boosted, with Environment Minister Tanya Plibersek saying it will better protect our natural world.

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Steaming toward $1 trillion in gross debt in 2025/26

Australia was expected to hit $1 trillion in gross debt this year under the previous government, but Jim Chalmers says the liability will be $152 billion lower.

Farmers get drought and climate relief amid export ban

Fury over a ban on live sheep export by sea and a biosecurity levy may be eased by a series of packages to manage drought and boost the agriculture workforce.

Value-added: back to a future made in Australia's mines

Mining and refining is central to the budget's plan for Australia to hold its own in a global economy beset by fierce competition for sovereign production.

No 'glamour' in Territory's crime-busting budget

The Northern Territory has unveiled a crime-fighting budget, with cash also splashed to improve schools before an election in August.

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Industry rebuffs calls to slash fossil fuel subsidies

Fossil fuel subsides are increasing and undermining Australia's climate efforts, a think tank says, but energy producers insist they're paying plenty of tax.

Doctors demand answers over end-of-life care funding

A peak medical body is calling for urgent end-of-life care funding in the Queensland budget and an explanation as to where previous funding has gone.

Federal budget targets housing crisis amid backlash

The federal government has announced $11.3 billion to fast-track the delivery of new homes but faced criticism for not extending further support to renters.

Vic toll road given $3.25b boost in federal cash top-up

The federal government will tip $3.25 billion into Victoria's new North East Link toll road, taking its contribution to the overblown project to $5 billion.

Treasurer talks tough as airport rail stoush deepens

A fresh shot has been fired at Melbourne Airport by Victoria's treasurer who suggests the government could partner with a rival if it doesn't deliver projects.

Hundreds of millions to incentivise clean energy future

A $566 million commitment is part of Australia's long-term plan to incentivise clean energy investment and turn the nation into a renewables superpower.

Regional cabinet could stop the bush singing for supper

Health, housing and childcare need investment if regional Australia is to lead the way on new clean energy industries, as rural groups lobby for budget support.

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