budgets and budgeting

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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.

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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.

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Fuel bonus as WA posts eighth straight budget surplus

More than $1 billion in cost-of-living relief will be shared in Western Australia as the state capitalises on an iron ore uplift to bank another budget surplus.

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End of the free ride: studies call for road user charge

Two transport groups say fuel excise is no longer running smoothly and the government needs to charge motorists based on how far they drive.

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Islamic State-linked cohort to face arrest on return

A group of 13 women and children are set to return to Australia after years spent in a Syrian refugee camp following the fall of Islamic State.

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Treasurer hoses down talk of big budget handouts

The Reserve Bank governor was only talking about hypotheticals when saying extra government spending makes it harder to control inflation, the treasurer argues.

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More cops, jail guards as territory budget fights crime

The NT budget offers no "lollies and sweets" but it cements the government's tough-on-crime approach, its architects say.

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Right tax moves matter more than mandates: treasurer

Expected changes to negative gearing or capital gains tax would not break an election promise because they would be for the right reasons, Jim Chalmers says.

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Budget to address ‘immediate needs’ of households: PM

The upcoming federal budget is widely tipped to pare back incentives for property investors as the prime minister promises to tackle intergenerational inequity.

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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.

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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.

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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.

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Worse to come as oil crisis adds fuel to rate-pain fire

A rate hike in May is forecast by analysts after the Iran oil shock pushed the annual headline inflation level to the highest point in almost three years.

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NDIS in treasurer’s sights as budget outlook darkens

The treasurer is playing down talk of an improvement to the federal budget bottom line after economists tipped an Iran war-driven revenue boon.

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‘Pretty severe’: warnings for Australia ahead of budget

One of the world's leading economic bodies has warned a global recession could be on the way if the Middle East conflict is not resolved quickly.

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Reality bites as Gen X defers cost of living

As fuel costs soar, more consumers are choosing to buy now and pay later - and the biggest spenders may come as a surprise.

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Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

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Treasurer softens up voters for ‘hard decisions’ on tax

The government will warn of a hit to economic growth and Australia's productivity performance in the upcoming budget, raising the stakes for ambitious reform.

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Oil shock further reason for tax reform, spending cuts

An economic downturn might be needed to bring inflation back to target, economists warn, but the government can help with spending cuts and productivity reform.

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‘Broken and unfair’: states urge change to GST carve-up

The cost to Australian taxpayers of a contentious GST carve-up will rise by another $6.6 billion in 2026/27, sparking fresh anger from critics of the deal.

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One tax still off the table as treasurer weighs reform

The International Monetary Fund report is calling for a hike in the GST and other tax changes, while praising the handling of Australia's economy.

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Greens hold door open to capital gains tax reforms

Support from the Greens could hold the key to opening the door to capital gains tax changes as the government ponders reforms the opposition says it won't back.

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Chalmers spins battery blowout into budget savings

Clever accounting has been used by the treasurer to claim the government's policy decisions improved the budget bottom line for the first time in eight years.

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Savings found in budget update as blowouts add up

Treasurer Jim Chalmers has revealed billions of dollars in savings as other projects in the budget blow out amid "grave" concerns over its bottom line.

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Budget update to reveal Australia’s fiscal fortunes

The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

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Tax reform call as data centre boom plugs in investment

A jump in forecast business investment in the midyear budget update will be unveiled by the treasurer, which bodes well for Australia's productivity growth.

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US Army to buy one million drones, in major acquisition

The US Army is about to significantly ramp up its acquisition of drones with plans to buy at least a million.

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Treasurer defends $4b hit from super tax backdown

An overhaul of a signature Labor tax plan will cost the budget billions, but the treasurer says it shouldn't be seen in isolation.

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France’s Macron will appoint new PM ‘in next 48 hours’

'The president of the republic will appoint a prime minister within the next 48 hours," French caretaker prime minister Sebastien Lecornu says.

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France’s Macron pressed to end political ‘mess’

France's President Emmanuel Macron desperately needs a circuit breaker amid growing political chaos.

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