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Federal budget

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Musk, Dutton efficiency.

Dutton’s enthusiasm for DOGE is just old tricks with a new name

Elon Musk says he can make the American government great again with deep spending cuts. It’s a lesson that could end in trouble for Anthony Albanese and Peter Dutton.

  • Shane Wright

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The Australian dollar’s exchange rate is affected by things like commodity prices, relative interest rates and relative inflation.

The Aussie dollar has hit a five-year low. Here’s what it means for you

Why is the Australian dollar weakening, what does it mean for inflation, and how does it affect the government as it heads towards an election?

  • Millie Muroi
Some Sydney private schools will be charging more than $50,000 a year.

Chop from the top: The Perth private schools getting a funding haircut

St Mary’s Anglican School, Hale School and Perth College are among many WA schools and hundreds nationwide found to have received up to 40 per cent above entitlements.

  • Claire Ottaviano and Alex Crowe
John Howard on one of his election campaign morning walks in 2004. The victory was perhaps the high point in his entire term.

He crushed Latham in 2004, but unlocked cabinet papers reveal the problems Howard could not fix

John Howard’s victory at the 2004 election remains one of federal politics’ most remarkable achievements. But cabinet papers from that year show it was the start of the end.

  • Shane Wright

Cost of caring for veterans climbs to $13 billion

A backlog of 60,000 unprocessed medical and compensation claims from veterans has been cleared – and has delivered a $13 billion hit to the budget.

  • Shane Wright
Treasurer Jim Chalmers at the press conference announcing the budget update

‘We’ve been vindicated’: Chalmers says government spending has saved the nation from recession

After coming under fire from for his mid-year budget update, Treasurer Jim Chalmers says: “We’ve rejected this free advice that says slash and burn in the budget”.

  • Shane Wright and David Crowe
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Treasurer Jim Chalmers’ mid-year budget update on Wednesday predicts Australia falling into deficit for years to come.

Everything you need to know about MYEFO in five charts

Here’s a guide to help you see through the sea of red unveiled by the treasurer.

  • Millie Muroi
pointy jim

Might look like Chalmers is spending like a drunken sailor, but this is what’s really going on

Both sides know the current system, reliant on the nation’s army of wage slaves, is failing the economy and future generations.

  • Shane Wright
Jim Chalmers and Katie Gallagher MYEFO.

Tax cut hopes crash after $22 billion blowout

Treasurer Jim Chalmers has revealed a big hit to the budget bottom line with the nation’s debt set to crash through $1 trillion in the coming year.

  • Shane Wright and Millie Muroi
There has been a surge in the number of people using trusts to help manage their tax affairs.

Never mind negative gearing. Australians pushed $67b through this tax vehicle

The record amount has flowed through a growing number of trusts to help Australians, mostly high-income earners, reduce their tax bills.

  • Shane Wright

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