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Latest news: Budgets and Budgeting

Firmer footing for Australian economy later in 2024

Firmer footing for Australian economy later in 2024

A surprisingly positive reading for a key leading index points to green shoots for the economy, though one-off factors may be responsible for the upbeat result.

Cars will need to be twice as green to avoid luxury tax

Cars will need to be twice as green to avoid luxury tax

Cars will need to be twice as green to avoid luxury tax

Cars will need to be twice as green to avoid luxury tax

High-end vehicles will need to become more fuel-efficient to avoid a 33 per cent tax under changes in a federal budget update.

Clean energy superpower status remains work in progress

Clean energy superpower status remains work in progress

Clean energy superpower status remains work in progress

Clean energy superpower status remains work in progress

The federal budget update acknowledges more must be done to secure and wire up renewables, with clean energy "superpower" status remaining a work in progress.

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Hints of cooling inflation as next rates call looms

Hints of cooling inflation as next rates call looms

Aggressive interest rate hikes are working to slow the economy, timely measures of price movements and the jobs market suggest.

Coal fires up Queensland's budget surplus

Coal fires up Queensland's budget surplus

Net debt has shrunk and the budget surplus has boomed, a report into the Queensland government's finances has revealed.

US Congress passes stopgap bill to avert shutdown

US Congress passes stopgap bill to avert shutdown

The threat of a US government shutdown has been averted after Congress approved a temporary funding plan - but it came at the expense of aid for Ukraine.

US Congress tees up votes in scramble to avert shutdown

US Congress tees up votes in scramble to avert shutdown

Infighting among Republicans who control the House of Representatives is pushing the United States to the brink of its fourth partial shutdown in a decade.

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Health, education and transport the NSW budget winners

Health, education and transport the NSW budget winners

Health, education and transport the NSW budget winners

Health, education and transport the NSW budget winners

The upcoming NSW Labor budget is expected to balance boosting essential services and cost-of-living help with rising debt and interest payments.

Budget housing pledge to tackle NSW homelessness

Budget housing pledge to tackle NSW homelessness

Budget housing pledge to tackle NSW homelessness

Budget housing pledge to tackle NSW homelessness

A $224 million essential housing package will be allocated in the upcoming NSW budget to tackle housing insecurity and support the state's most vulnerable.

EV rebates to be scrapped in exchange for more chargers

EV rebates to be scrapped in exchange for more chargers

EV rebates to be scrapped in exchange for more chargers

EV rebates to be scrapped in exchange for more chargers

Electric vehicle advocates warn scrapping incentives and rebates will stall uptake but the NSW government argues retaining them is driving up prices.

Regions benefit with budget boosts to health, education

Regions benefit with budget boosts to health, education

Regions benefit with budget boosts to health, education

Regions benefit with budget boosts to health, education

The NSW government will redirect education funding to pay for higher teacher salaries as it pledges extra schools and campus upgrades in regional areas.

Cost-of-living focus in NSW budget as dam project axed

Cost-of-living focus in NSW budget as dam project axed

Cost-of-living focus in NSW budget as dam project axed

Cost-of-living focus in NSW budget as dam project axed

Stretched households have been told they can expect more help as the NSW government prepares to deliver its first budget since the election.

More daycare relief coming for thousands of NSW parents

More daycare relief coming for thousands of NSW parents

More daycare relief coming for thousands of NSW parents

More daycare relief coming for thousands of NSW parents

Childcare will be $500 a year cheaper for some families in NSW under a move intended to get more women into the workforce.

'Tipping point' in paramedic pay row as budget nears

'Tipping point' in paramedic pay row as budget nears

'Tipping point' in paramedic pay row as budget nears

'Tipping point' in paramedic pay row as budget nears

Paramedics are calling for urgent action to address a worker exodus as the NSW government unveils a scholarship for healthcare students.

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Budget to boost funding for NSW women's health centres

Dedicated centres for women's health services will receive additional funding in the NSW budget to help provided care to more people.

'Intolerable' housing crisis is costing Sydney billions

Housing unaffordability in Sydney is second only to Hong Kong, says a think tank boss who warns it is costing the city billions of dollars in lost productivity.

Major parties to face pressure on tackling tax reform

Australians facing a cost-of-living crisis want to see tax reform but an independent senator says major parties are unwilling to have the conversation.

Offshore gas tax intact as sector seeks bipartisanship

The oil and gas industry is calling for coalition support for a key budget measure to end a crossbench campaign to double the hike in taxes on offshore fields.

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Budget's $20b sugar hit won't be shared with households

Households dealing with cost-of-living pressures are unlikely to get any extra relief despite a budget surplus shaping up to be much larger than forecast.

More people using buy now pay later services for basics

A new survey has revealed more financial counselling clients are using buy now pay later services to purchase items such as groceries and fuel.

Victoria sends Olympics organisers a 'wake-up call'

Queensland's opposition warns Victoria's shock decision to cancel the Commonwealth Games is a wake-up call for organisers of the 2032 Brisbane Olympics.

Green bonds to fund car-charging network, clean energy

State governments are leading the way for Australian green bonds with the latest issuance to fund an electric car charging network, wind farms and rebates.

New offshore gas up in the air as acreage access stalls

Adding to gas supply uncertainty, bids for offshore petroleum acreage remain in limbo after more than a year and the next round is unclear after fierce debate.

'Crappy' rate of return for taxpayers on $5b fund

The rate of return on a nation-building fund has been slammed by the coalition, but federal Labor says it will rebuild manufacturing and keep jobs onshore.

'Positive progress' for nation builders at Snowy 2.0

Snowy Hydro 2.0's construction woes risk putting Australia years off course on energy targets, with the cost blowout yet to be tallied, parliament learns.

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