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Latest news: Budgets and Budgeting

Seven-surplus budget target despite growing debt

Seven-surplus budget target despite growing debt

South Australia is reaping the benefits of growth in jobs and investment, with a budget review predicting four future surpluses.

Chalmers spins battery blowout into budget savings

Chalmers spins battery blowout into budget savings

Chalmers spins battery blowout into budget savings

Chalmers spins battery blowout into budget savings

Clever accounting has been used by the treasurer to claim the government's policy decisions improved the budget bottom line for the first time in eight years.

Savings found in budget update as blowouts add up

Savings found in budget update as blowouts add up

Savings found in budget update as blowouts add up

Savings found in budget update as blowouts add up

Treasurer Jim Chalmers has revealed billions of dollars in savings as other projects in the budget blow out amid "grave" concerns over its bottom line.

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Budget update to reveal Australia's fiscal fortunes

Budget update to reveal Australia's fiscal fortunes

The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

Dodgy darts more prevalent than legal cigs in Australia

Dodgy darts more prevalent than legal cigs in Australia

Illicit tobacco is blowing a hole in Australian lungs and the federal budget, with up to $11.8 billion in foregone revenue each year due to excessive excises.

Tax reform call as data centre boom plugs in investment

Tax reform call as data centre boom plugs in investment

A jump in forecast business investment in the midyear budget update will be unveiled by the treasurer, which bodes well for Australia's productivity growth.

'Difficult decision' on energy bill relief payments

'Difficult decision' on energy bill relief payments

Australian households and businesses are going to miss out on further energy bill relief, after a decision was made for the rebate to finish by the year's end.

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US Army to buy one million drones, in major acquisition

US Army to buy one million drones, in major acquisition

US Army to buy one million drones, in major acquisition

US Army to buy one million drones, in major acquisition

The US Army is about to significantly ramp up its acquisition of drones with plans to buy at least a million.

Treasurer defends $4b hit from super tax backdown

Treasurer defends $4b hit from super tax backdown

Treasurer defends $4b hit from super tax backdown

Treasurer defends $4b hit from super tax backdown

An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it shouldn't be seen in isolation.

France's Macron pressed to end political 'mess'

France's Macron pressed to end political 'mess'

France's Macron pressed to end political 'mess'

France's Macron pressed to end political 'mess'

France's President Emmanuel Macron desperately needs a circuit breaker amid growing political chaos.

Trump uses government shutdown to dole out revenge

Trump uses government shutdown to dole out revenge

Trump uses government shutdown to dole out revenge

Trump uses government shutdown to dole out revenge

President Donald Trump is mulling “temporary or permanent” spending cuts that could set up a lose-lose dynamic for Democratic politicians.

Fax machine to AI: urgent call to modernise health care

Fax machine to AI: urgent call to modernise health care

Fax machine to AI: urgent call to modernise health care

Fax machine to AI: urgent call to modernise health care

Health and aged care spending is projected to exceed 10 per cent of Australia's GDP by 2062, risking poorer service quality and burdening young workers.

Congress approves Trump sweeping tax-cut, spending bill

Congress approves Trump sweeping tax-cut, spending bill

Congress approves Trump sweeping tax-cut, spending bill

Congress approves Trump sweeping tax-cut, spending bill

President Donald Trump's tax cut package will be signed into law after Congress voted in favour of the "Big Beautiful Bill".

Trump's tax-cut bill heads to a final vote in US House

Trump's tax-cut bill heads to a final vote in US House

Trump's tax-cut bill heads to a final vote in US House

Trump's tax-cut bill heads to a final vote in US House

The US House is preparing to vote on President Donald Trump’s massive tax breaks and spending bill after Republicans spent the night wrangling holdouts.

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Nest eggs on the boil as super guarantee cracks open

Award wages, super contributions and energy bills are rising as a new financial year rings changes for households.

Debt forecast has alarm bells ringing for Olympic hosts

A state government's debt is set to reach record heights as it plans an Olympics, with the threat of higher borrowing costs for major infrastructure projects.

Surplus in sight but few sweeteners in 'careful' budget

A nation-first approach to back up housing projects headlines Australia's largest state budget as critics attack surplus projections and support for services.

Opposition rules out deal on superannuation tax change

The coalition has signed off on opposing the government's proposal to increase taxes on super balances above $3 million, labelling it unfair.

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New Zealand stuck in red as government chases growth

New Zealand is mired in deficits and debt, with Finance Minister Nicola Willis's second budget showing the nation's economic pain.

Labor rouses true believers as campaign hits full swing

The official launch of Labor's campaign in a key state sets the stage for a down-to-the-wire election battle as the prime minister looks to boost momentum.

Dutton fuels angst over cost of living in mortgage belt

Peter Dutton has used a keynote address to rally voters in the outer suburbs, promising instant cost-of-living relief across a mortgage belt doing it tough.

Dutton hopes rail pledge will get Libs back on track

A winery has become a curious backdrop for an airport transport pledge as Opposition Leader Peter Dutton makes his pitch to the outer suburbs.

Coalition energises race for votes with gas and petrol

The coalition have pledged gas investment to bring down power prices as they position themselves as stronger leaders for the nation ahead of the election.

Cheaper power bills pledge as Dutton spurs gas supply

Opposition Leader Peter Dutton's budget reply has outlined an alternative vision to drive down energy costs and ease pressure on household budgets.

No respite from tax burden on younger workers in budget

Young income earners will be increasingly called upon to fund rising public spending unless structural tax reforms are made in the next term of government.

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