Spending
Government spending takes $35 billion chunk out of the budget
Despite a $4 billion fall in one of its biggest expenses, new tax cuts and higher spending on healthcare have eaten into the government’s progress in cutting back on deficits.
- Millie Muroi
Latest
Sin taxes prop up the budget, but the most important one is fading
From fuel to fancy cars and a cold one at the pub, there are some vices – and necessities – that are carrying an extra cost.
- Millie Muroi
Australia’s worst regions for car theft revealed
The number of stolen cars in one state has more than doubled in a decade, with insurance premiums likely to rise as a result.
- Savannah Meacham
Lucky for some: the older get richer in the worst wealth divide in two decades
A long-running survey of Australians has found inequality has shot up, just as young people find themselves shut out of the housing market.
- Shane Wright
- Exclusive
- Defence
Trump admin to Australia: spending $56 billion on defence isn’t enough by half
One of Trump’s top Pentagon picks, Elbridge Colby, made the United States’ first explicit call for Australia to massively increase defence spending to counter China.
- Matthew Knott
‘We’re not out of the woods yet’: Kmart owner says rate cut not enough to entice shoppers
Although consumers continue to flock to Kmart in search of better deals, Wesfarmers’ CEO remains cautious.
- Cindy Yin
What Michele Bullock really meant in speech after cutting interest rates
We’ve deciphered the RBA governor’s comments on Tuesday, after the Reserve Bank cut rates for the first time in more than four years.
- Matt Wade and Shane Wright
- Updated
- Interest rates
RBA dashes hopes of further rate relief after first cut in four years
The big four banks moved quickly to match the cut to their mortgage rates to alleviate the pain mortgage holders have been feeling since rates started rising in May 2022.
- Shane Wright, Millie Muroi and Sumeyya Ilanbey
- Opinion
- Cost of living
Want to keep your local cafe in business? Start paying them $7 a coffee
As a coffee-obsessed nation, Australia has been holding terrified cafe owners to ransom for too long. It’s time we enter our $7 coffee era.
- Rachel Clun
- Opinion
- Opinion
Are your small spending habits sending you broke?
In some ways, our discretionary spending money feels the most real to us. But it can also be the most dangerous.
- Victoria Devine
Original URL: https://www.theage.com.au/topic/spending-hp0