NewsBite

Budget

February

Queensland Finance Minister Ros Bates and Treasurer David Janetzki. The LNP government has delivered its first fiscal update since coming into power late last year.

Can Queensland dig itself out of a $109 billion budget black hole?

Successive governments have announced, but never really stuck to, top-down fiscal rules designed to ensure the state’s finances don’t get out of control.

January

Treasurer Jim Chalmers.

Nine red flags for budget watchers

Labor has a choice: deliver a pre-election budget that builds Australia’s future or keep sailing blindly towards another decade of debts and deficits.

December 2024

Get ahead financially.

Six ways to get ahead financially in 2025

Start with the end in mind by deciding where you want to be financially in a year’s time.

October 2024

Wealth quiz index image

How wealthy are you (compared with everyone else)?

Try our interactive quiz to see how your income measures up with the rest of the country, your state and your industry.

May 2024

Fortescue’s energy boss Mark Hutchinson.

‘Back in the game’: Hydrogen sector celebrates from afar

Almost 50 Australian companies were in Rotterdam for the World Hydrogen Summit. When news of the budget bonanza came through, the reaction was ecstatic.

Advertisement

April 2024

Health Services Union president Gerard Hayes was seeking an urgent meeting with the government over its proposal.

Labor push to delay aged care pay rise over worker shortage fears

The Albanese government has warned a large pay jump could fuel labour shortages and risk its budget strategy of cost of living relief without added inflation.

February 2024

The line that demarcates Gen Z is all about their experience of the internet.

‘Money dysmorphia’: The new problem gripping Gen Z

Millennials and Gen Z are suffering from crippling insecurity when it comes to money and finances - and it’s a real problem.

November 2023

High deposit rates are allowing the cashed-up to protect their asset gains when interest rates were low.

How disinflation is driving more social inequality

Letting central banks prop up fiscal spending and households was an idea that should have stayed in the dustbin of history.

Jacob Schnackenberg and his wife Bec have been shielded from the RBA’s interest rate rises as they fixed their home loan during the pandemic.

Thirteen rate rises later, this borrower is not paying anything more

Jacob Schnackenberg counts himself lucky. He is one of hundreds of thousands of Australians who secured an ultra-low mortgage rate during the pandemic.

April 2023

Michael Mansfield, a little sun-kissed after watching the F1 Grand Prix with sons Max, 14, and Jai, 12, moved into the business world after playing AFL.

The Disneyland trip that guided this AFL player to wealth management

Michael Mansfield has forged a successful career in financial advice after playing in three AFL grand finals for Geelong and surviving two open-heart surgeries.

February 2023

The Congressional Budget Office estimates an $US18.8 trillion deficit over the next 10 years, and mandatory spending (such as Social Security, Medicare, payments to governments) will take up 15.3pc of GDP by 2023.

Biden can’t pay for everything by just taxing the wealthy

Rich people only have so much money and there’s a limit to what you can get by taxing them.

October 2022

Melbourne-based Cat Bloxsom and Morgan Collins quit their corporate jobs to start up knitwear business Cardigang (now worth $1.5 million) during the COVID lockdown.

They created a $1.5m start-up in lockdown. The budget worries them

Small business owners Cat Bloxsom and Morgan Collins, behind knitwear outfit Cardigang, wanted the budget to boost consumer confidence.

Super returns crumble as inflation unleashes wild market ride

Returns are falling deeper into the red as traditional diversification strategies fail, and a worsening inflation picture keeps the pressure on global central banks to push through aggressive interest rate increases.

May 2022

Opposition Leader Anthony Albanese takes on the media during a press conference in Marrickville.

Albanese dismisses reports of $10b deficit blowout

The prospect of higher deficits comes as the cost of Australian government debt hits its highest level since 2014.

April 2022

Treasurer Josh Frydenberg and Prime Minister Scott Morrison on the campaign trail.

Debt to jump by $12b on rising borrowing costs

Less than a month since the federal budget was delivered, there has been an increase in borrowing costs and market expectations for interest rate rises.

Advertisement

March 2022

Scott Morrison says tailored relief is on the way.

Deficit and inflation fears curb budget relief plans

‘It’s not like there’s lots of extra cash that can be splashed around despite what the Labor Party may think or promise,’ Simon Birmingham says

Opposition Leader Anthony Albanese.

Albanese spruiks federation reform in election pitch to business

If he becomes Prime Minister, Anthony Albanese will aim to harmonise states’ land planning and development rules to further drive federation reform.

December 2021

Treasurer Josh Frydenberg.

Business investment surge will drive economy: Frydenberg

The Federal Treasurer says the mid-year economic outlook will forecast new business investment to increase by 16 per cent over this year and next.

May 2021

Prime Minister Jacinda Ardern and Finance Minister Grant Robertson make their way to the house on budget day in Wellington.

Ardern’s budget shows more fiscal restraint than Frydenberg’s

Finance Minister Grant Robertson has not spent all of the upside of a better than expected bounce, choosing to speed up the nation’s fiscal recovery from pandemic-induced debt.

Prime Minister Jacinda Ardern and Finance Minister Grant Robertson make their way to the house during budget day 2021 in Wellington.

Big-spending Ardern budget targets recovery

Massive spending was targeted towards housing, healthcare and infrastructure, while funds were also allocated to addressing child poverty and climate change.

Original URL: https://www.afr.com/topic/budget-i0v