Federal Budget

Federal Budget

Huge question Chalmers won’t answer

Treasurer Jim Chalmers has revealed Labor’s mid-year budget update will save billions, but stopped short of divulging the fate of a looming $42bn deficit.

Australian Markets

RBA’s grim rate warning drags ASX lower

The Australian sharemarket has plunged after the central bank chief delivered a shock warning to investors – leaving every sector in the red.

breakingAustralian Economy

‘Failure’: Fury as $300 energy rebate cut

The Treasurer has confirmed Labor’s $150 energy rebate will not continue into next year, with a top economist blaming successive government failures.

Politics

Tens of thousands to receive life-altering text

About 100,000 Australians are set to receive the “best text message ever” from the Federal Government.

Australian Economy

GST hike urged as Australia’s debt explodes

Australia has been urged to increase the GST, amid other major tax reforms, as the nation’s debt heads toward $1 trillion.

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Interest Rates

Shocking reaction to cash rate hold

Australian consumer confidence has dramatically changed over the past month in an “extraordinary and somewhat surprising way”.

Federal Budget

‘Spin’: Labor sledge in Liberal pledge

A Liberal senator has blasted Labor’s “out-of-control spending” as the Coalition draws more traditional battle lines.

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Politics

‘Handbrake’: Ley’s big call on new taxes

Outlining the Coalition’s economic policy, the Opposition Leader attacked increased spending under Labor and said unpopular choices needed to be made.

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Mining

Grim warning state’s mines face closure

Australia’s second-biggest company has warned it could close some “low-margin” Queensland mines in the face of an “extreme” royalty regime.

Australian Economy

‘Burning cash’: Treasurer flags big shake-up

Treasurer Jim Chalmers has flagged big changes to red tape reform, saying too many Aussies are ‘burning cash’ as they wait for approvals to build.

Economy

Five ways Trump’s tariffs will impact you

While Australia dodged the worst of America’s trade war, experts warn the fallout will still impact everything from mortgages to medicine costs.

Interest Rates

Warning ‘nervous’ RBA could hold rates

The Reserve Bank’s monetary policy board “clearly remains nervous about inflation”, with a major bank warning a rate cut is not a lock in August.

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Superannuation

Hidden victims of $3m super tax

Dubbed a tax for the uber-wealthy, the proposed $3m superannuation tax will hit one group of tireless Australian workers hard.

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Interest Rates

Big bank’s warning on rate hold shock

Australia’s biggest bank has delivered a sharp warning about the Reserve Bank’s shock decision to hold interest rates and what it means for Aussie households.

Australian Economy

Row erupts over state’s $2.5bn brag

One state feels ‘punished’ by its share of a $95bn pool of money, while another state collects a healthy slice and declares its seventh budget surplus in a row.

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Federal Election

Dutton replacement frontrunner shocks

She played the role of a straight-faced solid deputy throughout Dutton’s campaign. But now she’s showing off a lesser-known side.

BreakingFederal Election

‘Savage cuts’: Coalition’s costings slammed

With just two sleeps to go until the federal election, the Coalition has finally released its costings, drawing fire from Jim Chalmers.

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UPDATEDFederal Election

Albo can’t rule out raising taxes

Anthony Albanese has been unable to rule out increasing taxes after the election, with the Opposition seizing on the admission before Saturday’s election.

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UPDATEDFederal Election

‘Offset’: Jim’s big $1bn budget call

Labor has released its updated costings for the election promises, with Treasurer Jim Chalmers promising an extra billion dollars in budget savings.

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Politics

‘Foolish’: AUKUS debate MIA on campaign trail

AUKUS paints a target on Australia and the ‘poor, secret’ $368bn deals should be urgently reviewed by the next government, a retired general says.

Federal Election

Liberals’ $10 billion hole in the budget

Treasurer Jim Chalmers has accused the Coalition of being “deceitful and deceptive”, warning that the maths doesn’t add up on its flagship budget policies.

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Australian Economy

‘Spendathon’: Big issue as election looms

Australia’s major parties have been accused of ditching rational economic policies in favour of a “spendathon” to win votes ahead of the May 3 election.

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Australian Markets

Aussie stocks soar on Trump tariff backdown

A relief rally added $116b in value to the Australian sharemarket on Thursday following Donald Trump’s decision to pull back from a global trade war.

UPDATEDFederal Election

‘DOGE-y sycophants’: Chalmers’ Trump sledge

Treasurer Jim Chalmers and shadow Angus Taylor held a feisty pre-election debate, but the spectre of US President Donald Trump loomed.

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UPDATEDTelevision

Boomers’ nervous response to renter’s rant

A renter has triggered nervous chuckles from the audience after slamming the “inequality” in the housing market and one party’s plans for young buyers.

Australian Economy

RBA’s stunning Trump warning for Aussies

The RBA has just delivered a stark warning that Donald Trump’s trade war could trigger disorder in the global economy and hammer Australians.

At Work

‘Not America’: Demand for $2k wage boost

Union leader Sally McManus has fronted the Fair Work Commission to push for a big minimum wage increase for workers.

Federal Election

Musk ‘inspiration’ to Coalition treasurer

Shadow Treasurer Angus Taylor has cited Elon Musk’s Starlink as a source of inspiration, but refused to say whether DOGE cuts are coming to Australia.

EXCLUSIVEFederal Budget

Albo’s missed phone call reveals Trump plan

A missed phone call on Anthony Albanese’s phone has shed light into how the PM plans to convince Donald Trump to spare Australia from further brutal tariffs.

UPDatedFederal Election

Warning on early voting for May 3 election

The election has been called, politicians have made their opening pitches and the campaign trail has begun. But what happens now?

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Original URL: https://www.news.com.au/finance/economy/federal-budget