Federal Budget

ExclusiveMedical

Butler weighs up fund for faster drug access

The Albanese government could set up a new fund to provide high-value drug treatments awaiting PBS subsidy as early as the next budget.

James Dowling

EducationEducation

Clare demands bipartisan approach to fix schools

Australia’s public schools will receive an unprecedented $65.5bn injection as the Education Minister takes aim at the growing divide between rich and poor students.

Natasha Bita

EconomyEconomics

‘$60bn start-up’: How Future Fund became an investing giant

After nearly two decades, the Future Fund has delivered outsized returns on unconventional bets. But facing heightened global risks, it is shifting to a more cautious approach.

Eric Johnston

Treasurers comparedPolitics

Bullock gives Chalmers his cue

Reserve Bank governor Michele Bullock has issued a stark warning about Australia’s ‘substantial’ budget deficits stretching into the next decade.

Jack Quail and Paul Garvey

SUPER TAXPolitics

Budget faces multibillion-dollar hit from super tax shake-up

Labor’s overhaul of its planned superannuation tax for high-balance accounts is set to blow a multibillion-dollar hole in the federal budget, with economists warning the revisions could delay Australia’s return to surplus.

Jack Quail

exclusiveNation

WA GST deal adds $6bn to federal budget deficit

While other states accumulated $267.5 billion in deficits, Western Australia banked six years of surpluses thanks to its ‘extraordinary’ GST deal.

Paul Garvey

EXCLUSIVENation

Young men dominate JobSeeker disability numbers

Almost half of young men on JobSeeker with reduced work obligations say they have intellectual or learning impairments, in another sign of strain on the federal budget.

Noah Yim

LettersLetters

Labor’s unfair budget quick-fix: make the baby boomers pay

Now that Labor has mismanaged funds frivolously and squandered the federal budget, it is trying for a ‘quick fix’ by marauding the hard-earned money saved by boomers.

EditorialEditorials

Tough love is needed to protect disability scheme

Without action to cut the growth in costs, the NDIS will place an unmanageable burden on the federal budget and ultimately destroy the scheme itself.

Editorial

revolutionPolitics

NDIS gets a reboot as PM spends some political capital to save budget

Labor’s plan to divert autistic children from the NDIS has been branded a vital reform by the expert helping design the overhaul as Anthony Albanese uses his once-in-a-generation victory to rein in the budget.

Sarah Ison and Natasha Robinson

EditorialEditorials

Energy transition that is becoming an end unto itself

High costs and inefficiency are the opposite of productivity. But there’s a growing danger that an overly ambitious net-zero transition will become the key performance indicator for government.

Editorial

BreakingNewsWire

‘Take a hit’: Trump trade war to shake growth

US President Donald Trump’s trade war has not immediately affected the Australian federal budget, the latest update shows, but the economy could take a hit.

Blair Jackson

EXCLUSIVETechnology

Aussie tech needs an attitude adjustment, not subsidies: Cannon-Brookes

Mike Cannon-Brookes says Australian tech companies need governments to ‘just get out of the way’, after the industry was left empty-handed in the federal budget.

Jared Lynch

OPINIONWealth

What if you ran your household budget like Jim Chalmers?

The Treasurer’s latest federal budget was another big-spending monster, and carries a key lesson for Aussie individuals.

Anthony Keane

WealthWealth

What to do when your health insurance bills get out of control

The ‘3.7 per cent’ rise in private health insurance premiums is misleading as many funds have pushed across much larger increases. Here’s a guide for when it all gets too much.

James Gerrard

commentaryCommentary

Something-for-all budget avoids the hard discussions

The budget sticks to the old business model: doling out more goodies for just about everyone, paid for with borrowed money.

Michael Brennan

LettersLetters

Blatant vote-buying exposes fiscal woes

For our long-term financial future, Australia needs a sustainable and responsible fiscal plan that reflects greater budgetary control whereby spending is needs-based.

BUDGET REPLYNation

Cheap petrol tank versus Jim’s cuppa: Dutton to halve fuel excise

Peter Dutton will attempt to counter Labor’s marginal tax cuts by committing to halving fuel excise rates in a move the Coalition believe will convince voters on greater cost-of-living relief.

Geoff Chambers

BudgetPolitics

Bracket creep wipes out Labor’s tax cuts

Why taxpayers are set to lose more than $5000 a year despite the tax cut handed down in the federal budget.

Jack Quail

BudgetBusiness

‘Irresponsible’ budget slammed by business chiefs

Labor’s pre-election budget has failed to hit the mark and senior business leaders such as Wesfarmers chief Rob Scott say it was a missed opportunity to boost productivity.

Perry Williams

Business Breaking News

ASX soars for fifth day in a row

The local sharemarket has secured its fifth consecutive day of gains on Wednesday as optimistic investors rallied in 10 of 11 sectors.

Holly Truelove

Federal budgetTechnology

The budget has ‘more funding for pandas than tech’

The federal budget isn’t black and white – unless you’re a panda – prompting one tech entrepreneur to bemoan there’s more funds set aside for Australia’s Chinese guests than to support start-ups.

Jared Lynch

devil in the dataPolitics

The federal budget graph you need to see

Despite a resources rush, Labor has presided over the biggest deterioration in the budget outside an economic crisis or a pandemic.

David Tanner and Sean Callinan

BudgetMarkets

Retail shares rally in post-budget optimism

Subsidies and tax cuts announced in the federal budget could support the outlook for consumer spending, with some analysts looking at the retail sector as a potential beneficiary.

David Rogers

NEWSNewsWire

Unexpected winners from federal budget

The furry creatures arrived in Australia in December and will enjoy a $15k lifestyle funded by the Commonwealth at their Adelaide Zoo home.

Ria Pandey

BUDGETNewsWire

‘Eye candy’: ‘Election’ budget slammed

Other than the Medicare investment, there is a general consensus the federal budget falls short and leaves a lot of Australians behind.

Blair Jackson

COMMENTARYCommentary

Chalmers styles himself as a contemporary Keating … but he’s no PJK

Where Paul Keating lowered the top tax rate from 60 to 49 per cent in 1985, Jim Chalmers takes two percentage points off the bottom rate – a comparison that points to the gulf in class between the two.

David Pearl

CommentaryCommentary

Labor starts tax-cut poll sales pitch on back foot

So far, Labor is on the back foot because its individual tax cut is too small, the total cost is too big and the money simply isn’t there.

Dennis Shanahan

MARGIN CALL in CanberraMargin Call

Labor ‘luvvies’ the life of the budget after-party

Is there such a thing as a free meal? Labor’s loyalists made the pilgrimage to Canberra to hear Jim Chalmers latest budget and mingle late into the night. Here’s who we found at the soiree.

Yoni Bashan

updatedNewsWire

‘Delulu’: Albo’s Gen-Z reply to tax cut fury

The Prime Minister has branded the opposition “delulu with no solulu” after scathing criticism of his government’s proposed income tax cuts.

Ria Pandey

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