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Latest news: Budgets and Budgeting

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

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

Farmers get drought and climate relief amid export ban

Farmers get drought and climate relief amid export ban

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

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

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

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.

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

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.

Industry rebuffs calls to slash fossil fuel subsidies

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

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

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.

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

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

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

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

Treasurer talks tough as airport rail stoush deepens

Treasurer talks tough as airport rail stoush deepens

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

Hundreds of millions to incentivise clean energy future

Hundreds of millions to incentivise clean energy future

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

Regional cabinet could stop the bush singing for supper

Regional cabinet could stop the bush singing for supper

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.

Think tank urges bold clean tech support

Think tank urges bold clean tech support

Think tank urges bold clean tech support

Think tank urges bold clean tech support

Electric trucks, utes and vans are part of plans to re-industrialise and join emission-busting supply chains, if the upcoming budget is bold, a think tank says.

Budget billions to flow for neglected Sydney roads

Budget billions to flow for neglected Sydney roads

Budget billions to flow for neglected Sydney roads

Budget billions to flow for neglected Sydney roads

The federal government has pledged $1.9 billion for road works in Sydney's west after fears the area would lose out due to a infrastructure spending shake-up.

Defence budget boost as New Zealand looks to 'step up'

Defence budget boost as New Zealand looks to 'step up'

Defence budget boost as New Zealand looks to 'step up'

Defence budget boost as New Zealand looks to 'step up'

Foreign affairs and defence will get a funding boost in the first budget of New Zealand's new government despite campaign pledges to shrink the public service.

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Tax revenue surge as treasurer tempers expectations

Labor won't receive as much tax revenue compared with previous years, but a surplus still remains within reach for the federal budget.

Greens urge housing funds for women fleeing violence

The Greens want to ply states and territories with billions in extra funding to pave the way for more social housing for women and children fleeing violence.

Damage from methane adds to pressure for carbon levy

A leading economist has doubled down on calls for a $100 billion a year carbon tax to back new industries and stop pumping out "astounding" levels of methane.

Community alliance slams 'harm' from employment service

Community organisations, unions and First Nations groups have demanded the government meet its commitments to support the unemployed and disadvantaged.

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Treasurer faces 'hard truths' in global industrial race

The federal budget provides the "perfect lever to pull" for Australia to win back jobs and investment in the global race to secure clean energy supply chains.

Drop in GST revenue to cost NSW ‘more than COVID’

NSW Treasurer Daniel Mookhey says his state will lose $12 billion in the latest GST carve-up, jeopardising major federal school and hospital funding agreements.

Government told to 'hold its nerve' on clean tech push

Clean energy groups want the federal government to stay the course on its industrial policy aimed at seizing a once-in-a-century decarbonisation opportunity.

Treasurer admits 'difficult' budget ahead for Qld

The Queensland government will maintain its commitment to cost-of-living relief for households despite the treasurer warning of a difficult budget ahead.

Support critical for Australia to reap battery wealth

Western Australia has warned that taxpayer support for critical minerals will be crucial to overcoming investor reluctance and market distortion.

Budget surplus 'still our goal' despite war, inflation

A budget surplus is "still our goal" but the degree of difficulty has risen with global economic uncertainty hitting tax revenue, Treasurer Jim Chalmers says.

PM downplays commission criticism on manufacturing push

The chair of the productivity commission has raised concern the Future Made in Australia Act could increase reliance on government funds.

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Politics Australia New South Wales Victoria Queensland Economy, Business and Finance Environmental Issue Health New Zealand International Relations Defence Energy Transport Energy and Resource Housing and Urban Planning Social Issue Northern Territory Government Road Transport Mining

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