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Latest news: Economy, Business and Finance

Budget leaves helpless renters to 'rot in housing hell'

Budget leaves helpless renters to 'rot in housing hell'

Housing affordability crisis will not be solved by the federal government's inadequate increase to rent assistance and construction incentives, critics say.

Budget shows no empathy for the bush: Littleproud

Budget shows no empathy for the bush: Littleproud

Budget shows no empathy for the bush: Littleproud

Budget shows no empathy for the bush: Littleproud

Nationals leader David Littleproud has slammed the federal budget but others are more optimistic about the government's vision for the future of the regions.

States query GST carve-up despite 'constructive' budget

States query GST carve-up despite 'constructive' budget

States query GST carve-up despite 'constructive' budget

States query GST carve-up despite 'constructive' budget

The reviews are rolling in for the federal budget, with Australia's two most populous states publicly questioning the support they have received from Canberra.

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'Massive incentive' to replace diesel with hydrogen

'Massive incentive' to replace diesel with hydrogen

Hydrogen-powered transport could give diesel-powered cars, utes and trucks a run for their money and reduce Australia's reliance on imported fossil fuels.

Legal services forced to turn away fleeing women

Legal services forced to turn away fleeing women

Legal services targeted at women fleeing domestic violence could be forced to turn away more of those needing help due to a lack of targeted funding.

'More work to do' to make Australia competitive

'More work to do' to make Australia competitive

Business groups have called for more productivity measures but warned federal budget spending boosts to tackle cost-of-living pressures could fuel inflation.

Biden says US to hike tariffs on Chinese electric cars

Biden says US to hike tariffs on Chinese electric cars

Chinese electric vehicles, computer chips and medical products will become more expensive in the United States, President Joe Biden says as tariffs are raised.

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Cost-of-living help branded 'Band-Aid on bullet wound'

Cost-of-living help branded 'Band-Aid on bullet wound'

Cost-of-living help branded 'Band-Aid on bullet wound'

Cost-of-living help branded 'Band-Aid on bullet wound'

Cost-of-living budget measures have been branded inadequate by the coalition, with a manufacturing policy promising subsidies facing a significant hurdle.

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.

Doctors blast 'loss of momentum' for health reform

Doctors blast 'loss of momentum' for health reform

Doctors blast 'loss of momentum' for health reform

Doctors blast 'loss of momentum' for health reform

Measures to improve and make Australia's healthcare system more efficient fall short of real reform, the nation's doctors say.

Incentives set to fuel green hydrogen growth

Incentives set to fuel green hydrogen growth

Incentives set to fuel green hydrogen growth

Incentives set to fuel green hydrogen growth

Lagging in the global future fuel race, the green hydrogen industry has longer-term certainty with a new tax credit that could attract more onshore production.

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Australia boosts funding for Pacific to counter China

Amid China's growing presence in the Indo-Pacific, Australia will spend more to boost its standing in the region, the budget papers show.

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

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

Struggling music festivals offered funding lifeline

Years of weak ticket sales and soaring costs have brought Australian music festivals to their knees, but the government's budget may provide a ray of hope.

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Internet age limits and online harm targeted in budget

A pilot program to restrict teens' internet use and programs to tackle harmful online content will be funded in the federal budget.

Mind the gap: Indigenous funding in focus after voice

Closing the health, justice and education gap between Indigenous and non-Indigenous Australians has become a budget priority after the failed referendum.

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.

Submarines sink more taxpayer money as costs climb

The bill for Australia's acquisition of nuclear-powered submarines continues to climb as millions of dollars is sunk into training the skilled workers required.

Women offered support on path out of domestic violence

Women escaping domestic violence will receive stronger health care, legal services and financial support to address the 'national shame'.

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.

Rural health still on life support after modest budget

Rural communities say healthcare is at the heart of prosperity in the bush as populations grow. But the federal budget includes very few new health measures.

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