‘Absurd’ tax break Aussies are sick of
This year, taxpayers will foot a $49 billion bill to support largely wealthy Aussies – an “absurd” expense that makes ordinary people’s lives tougher.
Federal Budget
Budget winners and losers revealed
From a promise to slash HECS debt to a surprise tax cut for all working Aussies. Here’s how Labor’s pre-election budget pitch will affect you.
‘Don’t support?’: Libs slammed over tax move
Describing them as a “cruel hoax”, the Liberals have revealed they won’t be supporting the new tax cuts.
Mega investor defends tax perk billions
A prominent real estate investor who owns 21 properties worth $35 million says ditching generous perks for landlords would see Australia crumble.
$10,000 cash perk for tradies on offer
If the government hopes to meet its goal of building 1.2 million new homes, it needs a heap of new tradies – so it’s splashing some cash.
Every cost of living boost in the budget
The Albanese government has announced a number of key measures in the budget aimed at easing cost of living pressures. Here’s how it could help you.
State 115,000 Aussies will flee
It may boast icons such as the Harbour Bridge and Opera House, but the country’s most populous state appears to have lost its appeal.
Trump, China threat to Aussie economy
The Australian economy is facing a grim outlook with income from key resources forecast to be smashed over the coming years, dragging down revenue.
Try the budget calculator to see how you fare
Treasurer Jim Chalmers’ fourth budget is once again all about cost of living. Find out exactly where you stand.
Budget’s cash for ketamine and pandas
Within the several hundred pages of the budget are spending commitments for a host of items you probably won’t hear about – like giant pandas.
Fiery moment Treasurer grilled on ‘hoax tax’
Treasurer Jim Chalmers has handed down his pre-election budget full of cost-of-living relief.
Aussies to get $5-a-week tax cut
Jim Chalmers has revealed plans to put pennies back in every Australian’s pocket, in a budget night speech marked as much by what was not said than was.
Exactly how much you will get in tax cuts
Treasurer Jim Chalmers has rolled the dice on sweeping new tax cuts for every Aussie earning over $45,000 – but there’s a big catch with the cost of living relief.
‘Not immune’: Trump’s threat to Australia
The Treasurer isn’t naming Donald Trump in his warnings about Australia’s economic outlook. But the subtext of his words can’t be missed.
Albo’s $54m push for huge housing target
The Albanese government has invested $54m in prefabricated homes twice as fast to build as brick and mortar in a bid to hit an immense new homes target.
‘Dark shadow’ sparks $50bn defence spend
Jim Chalmers said the world was in a ‘dangerous place right now,’ while backing Australia’s $50.3bn boost to defence spending.
Albo to woo Aussies with $1.5bn war chest
With a federal election expected to be called any day now, Labor has left itself $1.5bn in yet-to-be announced policies.
Senator breaks down over son’s future
Senator Hollie Hughes has broken down in the Senate while talking about struggles with the ‘flawed design’ of the NDIS and its impact on her child, who lives with a disability.
What federal election is all about: Chalmers
Treasurer Jim Chalmers has drawn clear election battle lines over one scheme as he prepares to hand down his fourth budget.
Health, energy bill relief in federal budget
Aussies struggling with power bills and the cost of medicines should be among the biggest winners from Tuesday’s federal budget.
Budget cost of living surprise promised
After rolling out billions of dollars in pre-election cost of living relief, the Treasurer is planning one more big announcement before the PM calls the election.
Labor’s plan to ‘Trump proof’ budget
Jim Chalmers will hand down his pre-election budget on Tuesday with an eye of America as much as struggling Aussies.
‘We are being forced to lie on our CV’
A Melbourne woman has shared a horrifying job interview on national television, describing how she was advised to lie about her age on her CV.
Chalmers spruiks $177bn debt improvement
Labor is set to spruik its progress of lowering gross debt ahead of the federal budget, despite Australia’s bottom line set for a string of deficits over the next decade.
Fresh warning as China sparks arms race
A massive arms race is sweeping the Asia-Pacific region as countries like Australia grow alarmed over the China threat.
Aussies set for major energy bill help
Ahead of the March 25 budget that will be handed down next Tuesday, Mr Chalmers has vowed to find a way to deliver cost-of-living relief without putting pressure on inflation.
Jim’s budget promise of cost-of-living help
Jim Chalmers has delivered a pre-budget speech, where he has indicated there will be more cost-of-living support for Australians in next Tuesday’s budget.
RBA not sold on the next rate cut
The Reserve Bank says the data will decide when it cuts the official cash rate again, as developments from US tariffs complicate the decision.
‘Hurt us’: Aus Trump measure could backfire
Patriotic ‘Buy Australian’ feeling emerged on ABC’s Q+A on Monday night, with the domestic steel industry at the centre of the debate.
Trump shadow to hit Aussie growth
Australian economic growth will likely slow over the next two years, a leading forecaster has warned, as Trump’s tariff agenda shadows the world.
Chalmers warns against tit-for-tat trade war
The Treasurer will use a major pre-budget speech to warn against a “race to the bottom” after Australia was hit by Donald Trump’s first round of tariffs.
‘Stop’: Qantas boss’ dark warning to Aussies
Qantas chairman John Mullen has issued a stark warning that our way of life could simply “stop” in a serious international emergency.
Question millions of Aussies want answered
Fed-up Australians set to pay more for electricity want to know one thing as they try to work out where the extra money is going to come from.
Minister with 8 portfolios ‘out of the loop’
A minister who looks after eight portfolios has confirmed delays to two massive projects while receiving criticism for being “out of the loop”.
Aussie shares tumble on Trump bloodbath
US President Donald Trump has sparked a bloodbath in global stock markets and Aussie shares were not immune on Tuesday.
Albo vows $644m boost to Medicare clinics
Anthony Albanese has announced the next step in Labor’s Medicare plan, pledging $644m to build dozens of more urgent care clinics.
‘$500m’: Sad news if you like a long lunch
New costings have emerged about the Opposition Leader’s proposal to give bosses tax breaks for work lunches.
Worrying move from Aussie mining giant
Australia’s largest miner will pay shareholders their lowest interim dividend in eight years after a massive profit slump.
Rate pain set to stay until November
Aussie mortgage holders might need to wait nine months to fully feel the impacts of a rate cut, should the Reserve Bank board decide to cut the cash rate on Tuesday.
Second major bank cuts interest rates
Another of Australia’s big four banks has cut interest rates for one group of borrowers, ahead of the RBA’s highly anticipated February meeting.
Last of big four banks updates rate cut tip
All four of the big banks now agree on when the Reserve Bank board will cut interest rates following welcome inflation data this week.
‘Responsible’: Chalmers’ big budget hint
While the Treasurer urged “caution and conservatism” over a possible surprise surplus, he has left the door open for further cost-of-living measures.
Aussie economy’s major breakthrough
Australia’s economy might be hitting a turning point on the back of better household spending – but economists are warning more work needs to be done.
‘Back on track’: Dutton’s new ad pledge
Opposition Leader Peter Dutton has attempted to show off a softer side to his political personality by debuting a new ad where he promises to get Australia “back on track”.
Mining state sinks into budget black hole
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
Fresh hope for Aussies smashed by rates
Australia’s all-important trimmed mean inflation rate continues to fall, renewing hope for an early rate cut, the national figures show.
Eye-watering cost of Christmas revealed
A staggering number of Aussies will be paying off their credit card debts for at least six months after relying on their credit cards to get through the holiday season.
Why Australia invests in ramen, comic books
From ramen noodles to online gambling, Australia’s $225bn Future Fund has some pretty wild investments on its books. Here are our top 10 wildest bets.
Ray of hope emerges for Aussie economy
A new outlook has forecast the Australian economy is on a “narrow path to a soft landing” and is tipped to improve next year – but there’s a major catch.
Budget blowout funded by bracket creep
The budget’s bottom line is forecast to blow out by more than $20bn, funded largely by bracket creep in the coming years, economist warn.
Chalmers skirts key budget deficit question
Jim Chalmers declined to directly answer whether a total of forecasted $122.1bn in deficits will increase in the mid-year budget update set to be released on Wednesday.
$1.8 billion budget blow tipped
Australian treasurer Jim Chalmers says the budget will likely be blown out by billions in part due to funding this project.
How ‘rumour’ led to teen’s horrific act
A court has been told how a “ridiculous rumour” about an unfounded $10,000 hit on a woman led to a teenager taking part in a man’s murder and arson of his home.
RBA’s major Trump call after tariff spree
The Reserve Bank has made a major call on the potential impact of Donald Trump’s second presidency on the Australian economy.
Aussie shares slump on bank, tech rout
A sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
Chart reveals why Australia is screwed
Australians are getting poorer and a leading economist has produced a simple chart that shows why.
Treasurer’s bombshell election claim
The Federal Treasurer has conceded there is a “possibility” Labor will be booted at the next election while tempering expectations of “big spending” in the mid-year budget update.
‘97 times’: Albo’s reminder of broken promise
As the federal election looms, Peter Dutton has used a three-year anniversary to attack Anthony Albanese over a broken promise.
Surprising state tops list for business
Australia’s leading business body has just ranked the best and worst states and territories for commerce and a surprising state has come out on top.
Aussie shares hit fresh record high
The Australian sharemarket cracked a fresh record high on Thursday on the back of a surge in the big banks and healthcare stocks.
Push for $26 a day boost for Aussies
The Australian Council of Social Services has urged the government to lift the Jobseeker rate in line with the aged pension.
‘Right thing’: Fury over super tax
A fresh fight is looming between Labor and the Greens, this time over changes to tax on massive super balances.
Australia’s grim economic outlook revealed
Australia’s grim economic outlook has been revealed, with the federal budget tipped to have its sharpest retraction since covid.
Aussies worse off since 2022: report
A report into the cost-of-living crisis facing households says they are worse off now than two years ago, with pleas for Anthony Albanese to call an urgent meeting.
ASX bounces during Friday’s trading
The ASX 200 rose slightly during Friday’s trading, as the market had a benign broad based rally as Donald Trump announced more key appointments.
How Aussies can dodge Trump’s tariff threat
An expert in international relations has offered some blunt advice to Australian policymakers on how to avoid potentially damaging Trump tariffs.
Minister defends slashing student debt
The Federal Government has defended its new student loan discounts amid accusations of the policy being “elitist” and attempting to buy votes amid high inflation levels.
’Nowhere else’: Grim reality for Aussie farmers
Aussie farmers are up in arms about supermarket behemoths Coles and Woolies, but an ACCC hearing has heard they have nowhere else to go.
Go ahead for $8.8bn Chemist Warehouse deal
Australia’s competition watchdog has made a huge decision on a proposed change to Chemist Warehouse that will affect millions of Aussie pharmacy customers.
‘Challenging’: Big bank’s warning to Aussies
One of Australia’s biggest banks has warned of a “challenging” time for customers as it releases its full-year results.
Aussie shares surge on looming Trump shock
Aussie shares rallied on Wednesday as the US vote count rolled in showing former President Donald Trump on a clear pathway to victory.
ASX falls as US election nerves take over
The Australian sharemarket slipped on Tuesday ahead of Wednesday’s seismic US Presidential election.
Election date clue in Albo’s big announcement
Australians may be closer to knowing when they are heading to the polls next year, after the Prime Minister appeared to drop a clue in a key policy call.
Albo’s $16bn cash boost vow for one group
One group of Australians could be $16 billion better off, as the Prime Minister gears up for the next federal election.
‘No free for all’: Jim’s message to Aussies
Treasurer Jim Chalmers says inflation has halved since Labor took office but more work needs to be done but Aussies doing it tough shouldn’t expect a cash splash.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
Aussie budget takes out bronze medal
Australia’s budget surplus is one of the best in the world, but it’s not all good news for the economy.
Dutton accused of housing plan copycat
Peter Dutton is facing allegations of being a copycat after unveiling a multi-billion dollar housing plan.
How to solve Australia’s housing crisis
A leading business group says one thing needs to happen to solve Australia’s housing hell and you only have to look at one of our nearest neighbours for inspiration.
Sign we’re underestimating young Aussies
Gen Z is sometimes written off as a “live-for-the-day” generation, but a surprising new trend shows they’re a lot more savvy.
Original URL: https://www.news.com.au/finance/economy/federal-budget/page/2