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Latest news: State Budget and Tax

NZ shuns 'sugar hits' in budget, cuts growth forecast

NZ shuns 'sugar hits' in budget, cuts growth forecast

New Zealand has unveiled a bare-bones budget with a projected surplus sooner than expected, but few incentives for voters in an election year.

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

'Poison pill': coalition attacks Labor's tax 'wedge'

The coalition will still vote against the government's budget tax changes, even though it means voting against a $250 tax offset for working Australians.

Labor happy with softer housing market since budget

Labor happy with softer housing market since budget

Labor happy with softer housing market since budget

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

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Labor warned against rushing through major tax overhaul

Labor warned against rushing through major tax overhaul

The Greens are likely to give their support to changes to negative gearing and the capital gains discount but businesses fear it will drive investors offshore.

Concerns, doubts over Tasmania budget cuts

Concerns, doubts over Tasmania budget cuts

Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.

Island state to cut, cut, cut its way back to the black

Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

'God help us': warning as alcohol tax calls spill over

'God help us': warning as alcohol tax calls spill over

Calls are growing for the federal government to overhaul alcohol taxes to avoid a repeat of the black market takeover of cigarettes.

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Tasmania economically growing - but so is its debt

Tasmania economically growing - but so is its debt

Tasmania economically growing - but so is its debt

Tasmania economically growing - but so is its debt

Tasmania Premier Jeremy Rockliff says Treasury has tipped his state's economic growth to motor ahead in future years.

Auditor casts eye over 'devious' 40-year lottery deal

Auditor casts eye over 'devious' 40-year lottery deal

Auditor casts eye over 'devious' 40-year lottery deal

Auditor casts eye over 'devious' 40-year lottery deal

An independent auditor is probing whether a state government ran a competitive process before handing out a 40-year lottery deal after "exclusive" negotiations.

Land levy planned despite anti-'forever tax' pledge

Land levy planned despite anti-'forever tax' pledge

Land levy planned despite anti-'forever tax' pledge

Land levy planned despite anti-'forever tax' pledge

A bid to overhaul emergency services funding could result in property owners paying hundreds of dollars for a land tax in one state.

Wharf termite repairs worm way into budget

Wharf termite repairs worm way into budget

Wharf termite repairs worm way into budget

Wharf termite repairs worm way into budget

The federal budget has carved out $10 million to tackle 'termites of the sea', as the Australian National Maritime Museum grapples with shipworms.

'Shocking' $506 million ferry budget bail-out

'Shocking' $506 million ferry budget bail-out

'Shocking' $506 million ferry budget bail-out

'Shocking' $506 million ferry budget bail-out

A massive government cash injection for a beleaguered state-owned Bass Strait ferry operator will be included in an upcoming budget.

Middle ring could be 'hollowed out' by tax overhaul

Middle ring could be 'hollowed out' by tax overhaul

Middle ring could be 'hollowed out' by tax overhaul

Middle ring could be 'hollowed out' by tax overhaul

Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.

Tax relief for workers and pain for investors in budget

Tax relief for workers and pain for investors in budget

Tax relief for workers and pain for investors in budget

Tax relief for workers and pain for investors in budget

Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.

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Botched Bass Strait ferries $717 million over budget

The total cost of the delayed and over-budget Spirit of Tasmania replacement project, which has made global headlines, has yet to be fully calculated.

'Get back to work': backlash over bureaucrat job freeze

A would-be premier has chided public servants protesting her 10-year hiring freeze plan, insisting it won't lead to sackings or compromise service delivery.

Fuel bonus as WA posts eighth straight budget surplus

More than $1 billion in cost-of-living relief will be shared in Western Australia as the state capitalises on an iron ore uplift to bank another budget surplus.

Gas tax hopes flicker as reservation scheme revealed

Big gas companies will need to inject more LNG into the Australian market under a plan aimed at bringing down prices and shoring up supply.

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What Avril Lavigne can teach Chalmers ahead of budget

The best thing the federal government can do to boost productivity in the budget is to make things less complicated for businesses, a top economist says.

Oil crisis not over: warnings of diesel over $4 a litre

With the Strait of Hormuz still shut and stockpiles running down, economists warn fuel prices could spike above levels previously seen during this oil crisis.

'Living within our means': treasurer defiant on budget

The door has been left ajar for a COVID debt levy to be unwound early as business buckles under the weight of state tax and regulation.

'Downside risks': warning as state debt edges to $200b

A $200 billion state budget debt bomb remains live and ticking as a long-time Labor government favours cost-of-living measures for struggling families.

Treasurer warned on household handouts ahead of budget

Millions of Australians could receive an income offset in the budget, but the Reserve Bank is cautioning against the federal government increasing spending.

More cops, jail guards as territory budget fights crime

The NT budget offers no "lollies and sweets" but it cements the government's tough-on-crime approach, its architects say.

Economic hawks eye restraint in pre-election budget

Business and economic leaders are warning against an election-year spendathon as a state treasurer prepares to hand down her second budget.

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