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Latest news: Budgets and Budgeting

Budget surplus 'still our goal' despite war, inflation

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

PM downplays commission criticism on manufacturing push

PM downplays commission criticism on manufacturing push

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.

Urgent meeting sought over $550m War Memorial upgrade

Urgent meeting sought over $550m War Memorial upgrade

Urgent meeting sought over $550m War Memorial upgrade

Urgent meeting sought over $550m War Memorial upgrade

As findings of cost blowouts and conflicts of interests swirl around, the government has sought an urgent briefing with the national audit office.

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'Making every watt count' in energy performance drive

'Making every watt count' in energy performance drive

A national energy performance strategy has been devised for households and businesses to reduce costs and controversy over new power plants and transmission.

US Congress averts shutdown, passes $1.8 trillion bill

US Congress averts shutdown, passes $1.8 trillion bill

The United States Congress has passed a trillion-dollar government funding bill in a move opposed by some Republicans.

No budget 'cash splash' as inflation still main game

No budget 'cash splash' as inflation still main game

Treasurer Jim Chalmers has managed expectations for cost of living relief ahead of the May budget and played down the possibility of a sizeable second surplus.

NSW, Queensland biggest losers in 'absurd' GST carve-up

NSW, Queensland biggest losers in 'absurd' GST carve-up

Victoria and Western Australia are multi-billion-dollar winners in the latest carve-up of the Goods and Services Tax , which NSW has slammed as "absurd".

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Businesses to save as government scraps tariffs

Businesses to save as government scraps tariffs

Businesses to save as government scraps tariffs

Businesses to save as government scraps tariffs

Hundreds of nuisance tariffs on everyday items like tools, clothing, dishwashers and more will be scrapped in a move that will save businesses millions.

Employed yet homeless become new face of housing crisis

Employed yet homeless become new face of housing crisis

Employed yet homeless become new face of housing crisis

Employed yet homeless become new face of housing crisis

One quarter of homeless people have a job but the housing crisis leaves them with no alternative, say advocates pushing for greater investment in social homes.

Doctors, nurses make emergency call on federal budget

Doctors, nurses make emergency call on federal budget

Doctors, nurses make emergency call on federal budget

Doctors, nurses make emergency call on federal budget

More than 40 health groups have called on the government to make climate and health funding a priority after services were challenged by extreme weather.

Tax cuts aimed squarely at regions, PM declares

Tax cuts aimed squarely at regions, PM declares

Tax cuts aimed squarely at regions, PM declares

Tax cuts aimed squarely at regions, PM declares

Prime Minister Anthony Albanese says Labor's revamped stage three tax cuts will largely benefit working Australians from the bush.

Psychiatrists fear worker shortage could hit patients

Psychiatrists fear worker shortage could hit patients

Psychiatrists fear worker shortage could hit patients

Psychiatrists fear worker shortage could hit patients

A survey of Australian psychiatrists shows seven out of 10 experienced burnout in the past three years and almost a third were considering quitting.

Miners demand share of tax relief to dig for net-zero

Miners demand share of tax relief to dig for net-zero

Miners demand share of tax relief to dig for net-zero

Miners demand share of tax relief to dig for net-zero

Australia has a treasure trove of critical ores but nickel and lithium producers want tax relief to get it out of the ground and into the world's electric cars.

Firmer footing for Australian economy later in 2024

Firmer footing for Australian economy later in 2024

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.

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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

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.

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

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

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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

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.

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

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

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

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

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

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