‘Likely he’s lying’: treasurer points finger at rival
Future generations will be left with a "multibillion-dollar debt bomb" if the coalition repeals proposed tax changes, the treasurer warns.
budgets and budgeting
Budget relief for families but debt burden soars
South Australians will share in a $500 million package to ease the cost of living as the government insists a $53 billion debt won't spiral out of control.
‘Huge mistake’: how Howard spurred Boomer investors
The share of property investors older than 60 has more than doubled since the capital gains discount was introduced, Reserve Bank of Australia research shows.
Investor tax cut call as opponents fight Labor plan
A Labor plan to reduce investor incentives has been branded a "productivity tax" as opponents call for lower taxes for those with money to put aside.
Labor happy with softer housing market since budget
Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.
Treasury chief defends Labor’s beleaguered budget
Controversial budget changes would have cut the lifetime tax benefits for the top one per cent of earners by $400,000 if implemented in 2000, Treasury says.
Concerns, doubts over Tasmania budget cuts
Rating agency S&P Global says Tasmania's budget repair carries "high execution risk," doubting the government will follow through on $1.47 billion in cuts.
‘Out of touch’: businesses blast ex-PM’s budget backing
Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.
‘Where the bloody hell are ya?’: NZ’s budget sledge
New Zealand is campaigning for Australian talent off the back of major tax reforms in the budget, with the Kiwi government also whacking the broken promise.
Coalition migrant cuts plan triggers ire of uni sector
The universities sector, which relies heavily on fee-paying foreign students, says coalition plans to cut immigration would hurt the economy and cost jobs.
Budget brawl escalates over rival tax cut proposals
The government has conceded its budget is unlikely to win immediate support from voters as Labor and Liberals taking aim at each others' policies.
Labor defends budget tax changes despite critical polls
Labor insists it's taking the right approach to tax reform despite a majority of Australians saying the latest budget will leave them worse off.
Treasurer blames ‘misinformation’ for war on tax change
Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.
Taylor faces ‘strategic error’ in seizing on migration
Angus Taylor is set to face one of his biggest challenges as opposition leader when he hands down his budget reply amid a growing challenge from One Nation.
Middle ring could be ‘hollowed out’ by tax overhaul
Tax changes in the federal budget will likely shift property investors to new houses in the outer suburbs and inner-city apartments, economists say.
Coalition’s bracket creep plan to cost tens of billions
The coalition's economic plan for Australia would hand back more money to workers by indexing tax rates to inflation at a cost of tens of billions of dollars.
Bleak outlook for national economy if Iran war drags on
Higher budget spending won't help the Reserve Bank, economists warn, as a prolonged war in the Middle East is forecast to push inflation above seven per cent.
Tax relief for workers and pain for investors in budget
Australians who earn a wage will get $250 in tax relief as part of Labor's budget, but investors and wealthy families could be left worse off.
Budget spending stokes fears of further rate rise pain
An extra $114 billion in federal government spending will be directed off-budget as the treasurer claims a "historically responsible" fiscal update.
Labor tucks away $77b war chest for further tax cuts
A new $250 a year tax offset gives the government an option to return bracket creep directly to working Australians, Treasurer Jim Chalmers says.
Green groups warn climate courage missing from budget
Budget announcements for green industry and nature protection fall short as climate costs mount and opportunities to extract more fossil fuel income go missed.
Tax, migration and NDIS in coalition’s economic sights
Opposition Leader Angus Taylor has unveiled a raft of economic policies aimed at winning back voter support and countering the rise of One Nation.
Last-minute budget pitch to ‘level field’ for young
Labor has made a pre-budget pitch to young Australians on social media as the government shakes up the tax system to help more people buy homes.
Super shake-up wins support as budget savings spruiked
Changes to the superannuation performance test will unlock more investment opportunities, the sector says, but concerns are raised over the scheme's integrity.
Full steam ahead: billions more locked in for rail line
The federal taxpayer's stake in Victoria's massive Suburban Rail Loop public transport project has ballooned to $6 billion, as regional rail gets the axe.
Labor plots budget housing boost to fend off One Nation
Jim Chalmers hopes slashing red tape and winding back investor tax breaks will convince voters the dream of home ownership is still alive.
Budget builds up to shift for ‘broken’ housing market
An extra $2 billion will be pledged in the budget to build sewerage and roads for new homes as the treasurer frames housing policy as a remedy to populism.
‘Need to do more’: Labor to lift lid on housing reform
Australians are under financial pressure and the government cannot "just sit back", the prime minister says, as his treasurer prepares to hand down the budget.
Hopes of wartime windfall shot down for federal budget
The federal treasurer is being urged not to grandfather tax breaks for asset-holders in the budget as the economic impact of the Iran war worsens.
PM rubbishes budget tax speculation as home prices slow
Sydney's home price premium over Brisbane and Perth continues to narrow as values retreat in Australia's two largest cities.
Fiscal restraint to define federal budget as costs rise
Health, defence and welfare commitments are among fiscal pressures weighing on the federal budget as Treasurer Jim Chalmers vows to put a lid on spending.