PM caves on school funding after ‘tortuous’ talks
An extra $3.5 billion in federal cash will be ponied up by the Albanese government after protracted public school funding negotiations with two hold-out states.
An extra $3.5 billion in federal cash will be ponied up by the Albanese government after protracted public school funding negotiations with two hold-out states.
Claims of a $3 billion black hole in construction costs for villages to house athletes competing at the 2032 Olympics have been rejected by a former government.
A state will be in the red for some years as its government flags swelling infrastructure costs, as the opposition warns of the risk of potential spending cuts.
Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.
Facing a government shutdown, US Congress has passed a funding package while defying Donald Trump's demand to also greenlight trillions of dollars in new debt.
As families make cutbacks and sacrifices to save the spirit of Christmas, charities warn that many will face a bleak festive season devoid of celebrations.
French President Emmanuel Macron's office has announced a new cabinet line-up following months of political deadlock.
Australia is on track for a soft economic landing despite budget deficits set to widen as spending grows and tax receipts fall, Treasurer Jim Chalmers says.
The federal government is expected to reveal a downgrade to its budget forecasts in its mid-year fiscal update as Australia's tax sugar-rush fades.
Economic headwinds from China has sparked a major downgrade to Australia's budget position, limiting the government's ability to support struggling households.
Michel Barnier will quit as prime minister after a historic no-confidence vote, but the next government will face the same problems getting its budget passed.
A study of Australian research investments has been welcomed by business, academic and technology groups, but some say more urgent action is needed.
A French minister is warning colleagues "not to plunge the country into uncertainty" as Michel Barnier's government faces a historic collapse over the budget.
Transport costs have fallen for Australian households, a report shows, led by public transport discounts and falling fuel prices.
Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.
Australia's retail sales enjoyed a boost from an early start to Black Friday discounting and recovering bank balances following tax cuts.
Falling iron ore prices and a weaker labour market will weigh on this year's revenue upgrades, the federal treasurer says.
Chancellor of the Exchequer Rachel Reeves has raised UK taxes by $A79 billion to cover a shortfall inherited by the new Labour government.
A $116 million budget blowout will not impact frontline police services, Queensland Premier David Crisafulli says as he vows to bolster their ranks.
The Queensland opposition has drummed up interest for its youth crime prevention measures after being accused of dancing around costings ahead of the election.
All-electric hospitals could cut emissions by using clean energy under a proposed retrofit that would also keep services on during power cuts and catastrophes.
After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.
Another forecast budget surplus would help in the fight against rising prices, says the government amid pressure over the latest hot inflation readout.
Cost-of-living help has been handed to struggling to households in an ACT budget that also vies to tackle the housing crisis and other slower-burn challenges.
The threat of inflation has not been neutralised and the Reserve Bank is still prepared to pull the trigger on another interest rate hike if needed.
Fears of shuttered GP clinics or more patients being slugged with gap payments have been allayed, but there's concern over the overall NSW health budget.
Queensland Labor has earmarked huge funds for green power, storage and transmission projects to support the state's emissions targets.
LNP leader David Crisafulli's support for funded projects in Labor's last budget before the Queensland election has been slammed by ex-premier Campbell Newman.
Income tax relief for Kiwis and higher fees for tourists have been revealed in the first budget of New Zealand's coalition government.
As Labor faces criticism over the cost of living relief it has provided vulnerable Australians, the prime minister says he hasn't forgotten the struggle.
A coalition plan to slash migration has been labelled as "xenophobia" and Labor is being urged not to allow the "racist trope" to dictate the housing debate.