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Federal Budget

BRISBANE, AUSTRALIA - NewsWire Photos DECEMBER 3, 2025: Australian Treasurer Jim Chalmers at a media engagement and press conference in Brisbane. Picture: NewsWire / John Gass

Huge question Chalmers won’t answer

Treasurer Jim Chalmers has revealed Labor’s mid-year budget update will save billions, but stopped short of divulging the fate of a looming $42bn deficit.

AUSTRALIA - NewsWire Photos - General view editorial generic stock photo image of Australian cash money currency. Picture: NewsWire / Nicholas Eagar

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‘Failure’: Fury as $300 energy rebate cut

The Treasurer has confirmed Labor’s $150 energy rebate will not continue into next year, with a top economist blaming successive government failures.

Education Minister Jason Clare and Sydney University student.

Tens of thousands to receive life-altering text

About 100,000 Australians are set to receive the “best text message ever” from the Federal Government.

BRISBANE, AUSTRALIA - NewsWire Photos APRIL 28, 2025: Treasurer Jim Chalmers during a press conference in Brisbane. Picture: NewsWire/Tertius Pickard

UPDATEDFederal Election

‘Offset’: Jim’s big $1bn budget call

Labor has released its updated costings for the election promises, with Treasurer Jim Chalmers promising an extra billion dollars in budget savings.

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Crew members are seen working onboard the USS Asheville, a Los Angeles-class nuclear powered fast attack submarine, during a visit to HMAS Stirling, Western Australia on Tuesday, March 14, 2023. Picture: NCA NewsWire / pool / Richard Wainwright

‘Foolish’: AUKUS debate MIA on campaign trail

AUKUS paints a target on Australia and the ‘poor, secret’ $368bn deals should be urgently reviewed by the next government, a retired general says.

Federal Election

Treasurer Jim Chalmers has accused Peter Dutton of blowing a $10 billion hole in the budget, warning that the maths doesn’t add up on the Liberal’s flagship policies to slash fuel excise and offer tax deductions for mortgages and long lunches.

Liberals’ $10 billion hole in the budget

Treasurer Jim Chalmers has accused the Coalition of being “deceitful and deceptive”, warning that the maths doesn’t add up on its flagship budget policies.

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UPDATEDFederal Election

Jim Chalmers and Angus Taylor will face off in a Treasurers' debate on Wednesday night. Picture: NewsWire

‘DOGE-y sycophants’: Chalmers’ Trump sledge

Treasurer Jim Chalmers and shadow Angus Taylor held a feisty pre-election debate, but the spectre of US President Donald Trump loomed.

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Maja Petrovic quizzes Andrew Bragg about the Coalition's plan to give first home buyers access to their super. Picture: Q&A

Boomers’ nervous response to renter’s rant

A renter has triggered nervous chuckles from the audience after slamming the “inequality” in the housing market and one party’s plans for young buyers.

EXCLUSIVEFederal Budget

Golfing legend Greg Norman (right) is acting as a go-between for Australia and US as Donald Trump prepares to launch a brutal new round of tariffs. Picture: Megan Briggs/Getty Images

Albo’s missed phone call reveals Trump plan

A missed phone call on Anthony Albanese’s phone has shed light into how the PM plans to convince Donald Trump to spare Australia from further brutal tariffs.

UPDatedFederal Election

ALbanese and Dutton will face off in the 2025 federal election.

Warning on early voting for May 3 election

The election has been called, politicians have made their opening pitches and the campaign trail has begun. But what happens now?

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Federal Election

CANBERRA, AUSTRALIA - NewsWire Photos - March 27, 2025: Leader of the Opposition Peter Dutton delivers his budget reply speech at Parliament House in Canberra. Picture: NewsWire / Martin Ollman

Dutton’s bold plan as PM to slash migration in fiery speech

Peter Dutton used his budget reply speech to spruik himself as the next John Howard, revealing how he will slash migration, the public service and energy prices. VOTE IN OUR POLL

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UPDATEDFederal Budget

NEWCASTLE, AUSTRALIA - MARCH 25: In this photo illustration, Australian $50, $20, $10 and $5 banknotes and dollar coins are shown arranged for a photograph on March 25, 2025 in Newcastle, Australia. The budget is expected to return to deficit after two years of surplus, focusing on cost-of-living relief measures, including extended electricity rebates and increased healthcare spending, while also addressing economic challenges and potential voter concerns ahead of the upcoming federal election. (Photo illustration by Roni Bintang/Getty Images)

‘No tax cuts’: Huge call on brink of election

Peter Dutton has used a key pre-election speech to detail how he will reduce energy bills and divert gas into Australia’s energy grid, but rules out tax cuts.

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Federal Election

Migrants targeted in Dutton’s plan for Aus

40,000 public servants face axe: Dutton

Peter Dutton has outlined his alternative vision as PM in a major speech to Parliament, billing the election as a “sliding door moment” for Australia.

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CANBERRA, AUSTRALIA - NewsWire Photos - March 27, 2025: Prime Minister Anthony Albanese during Question Time at Parliament House in Canberra. Picture: NewsWire / Martin Ollman

Albo’s dirty secret – it’s not a tax cut, it’s a con job

There’s a sneaky trick in government revenue raising the Albanese Government thinks you don’t know about, writes Caleb Bond.

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Original URL: https://www.themercury.com.au/news/national/federal-budget