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Federal budget

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Treasurer Jim Chalmers (right) and Prime Minister Anthony Albanese.

Let’s stop kidding ourselves. Taxes will have to go up

No one wants to pay more tax. And the richest of us protest most and fight hardest when asked to cough up a little more.

  • Ross Gittins

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Finance Minister Katy Gallagher and Treasurer Jim Chalmers have said they will prioritise responsible economic management.

Budget $5 billion better off thanks to bigger tax scoop

The budget remains in deficit, but documents released on Friday showed an improvement as Australians paid more tax.

  • Millie Muroi
Illustration by Joe Benke

Don’t let rich old men tell you the planned super tax is terribly bad

Self-serving arguments against Labor’s proposed tax on super balances over $3 million are fanciful. These rich people just don’t want to pay more tax.

  • Ross Gittins
After playing a lead role in the campaign, Health, Disability and Aged Care Minister Mark Butler will control more than a quarter of the federal budget.

How Albanese’s wingman is now Labor’s $220b minister

Mark Butler was Anthony Albanese’s campaign wingman. Now he jumps straight into tense negotiations with the states – and a job in charge of a quarter of the federal budget.

  • Natassia Chrysanthos
The explosion in illicit cigarettes is requiring more resources, even as excise revenue on smokes tumbles.

The tobacco tax is a disaster playing out on our streets and in our budget

From bombed-out tobacconists in Melbourne to a $43 billion hole in the budget, the use of excise on tobacco is failing.

  • Shane Wright
Perhaps politicians believe that their job is to give away prizes in a nationwide Sale of the Century.

This Sale Of The Century election will leave us all out of pocket

Our politicians are like game show hosts, flinging money at the electorate. But the bills will fall due.

  • Parnell Palme McGuinness
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Shadow treasurer Angus Taylor and Coalition finance spokeswoman Jane Hume.

Budget to get worse before it gets better, and with higher taxes, under Dutton plan

Federal budget deficits would widen over the next two years before improving sharply in the final years of the decade under the Coalition’s federal election costings.

  • Shane Wright, Natassia Chrysanthos and Olivia Ireland
Angus Taylor and Jane Hume will release the Coalition’s election costings which are expected to show a $40 billion reduction in gross government debt.

Dutton promises $40b debt cut as nuclear questions grow

The Coalition will promise a better budget bottom line over the next four years as it releases its election costings just two days out from polling day.

  • Shane Wright and Mike Foley
Opposition leader Peter Dutton and senator Jacinta Nampijinpa Price visited a Darwin shopping centre, lured by the chance of a win in the seat of Solomon.

Dutton eyes better budget but will require cuts in homes and power

Whoever wins on Saturday faces budget deficits as far as the eye can see. Peter Dutton faces tough choices to meet his promises and cut spending.

  • Shane Wright
Peter Dutton with shadow defence spokesman Andrew Hastie and Liberal industrial relations spokeswoman Michaelia Cash campaign in Perth on Wednesday.

Higher taxes needed as Coalition eyes extra $100 billion defence spend

The Coalition says its plan to lift defence spending will cost $21 billion. But its longer-term goal would make defence the second-largest budget cost.

  • Shane Wright and Matthew Knott

Original URL: https://www.smh.com.au/topic/federal-budget-5x3