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Budget

This Month

Tasmanian Premier Jeremy Rockliff outside state parliament on Thursday morning.

Tasmania headed to snap election after parliament turns on Rockliff

Labor, the Greens and the speaker of Tasmania’s parliament voted for a motion of no-confidence in the premier over his handling of the budget. 

A photograph of Amanda Tomsic at her home. She is pictured on the couch, smiling at the camera.

I found love (again) at 57. Here’s how I protected my finances

“Mama bear mode” helped Amanda Tomsic protect her finances when she re-partnered later in life. Here are seven other steps you can take.

May

Paul and Melissa Bennett from Canberra.

We have $250,000 a year to retire on. Here’s how to find your number

Paul and Melissa Bennett were surprised to find they could to retire at 55. But having enough money is only one part of retirement.

Some universities are cutting back on courses.

Universities cutting courses could cruel financial advice expansion

The demand for financial advice and advisers is rising, but universities are closing the courses that train them. That’s a problem for everyone.

March

Opposition Leader Peter Dutton (right) has rejected Labor’s tax cuts.

The key change Dutton should make to bring back discipline

Something’s got to give. Indexing the tax scales would force budget discipline on the next government.

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Westpac CEO Anthony Miller and Prime Minister Anthony Albanese get chummy at the Press Club.

Budget lunch gets a poor corporate turnout

Westpac’s Anthony Miller was the filling in a power sandwich, but CEOs were thin on the ground at the budget wash-up lunch.

Building wealth requires endurance and patience.

5 ways financial planning is like marathon training

Elite athletes understand that high performance stems from the compounding effect of many good decisions. The same principle applies to wealth building.

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.

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.

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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.

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