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Poll surge for populists trigger for PM’s tax backflip

Australians believing the economy wasn't working for them forced the federal government to change its stance and implement controversial tax reforms.

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Angus Taylor draws ‘battle lines’ in key party address

Liberals leader Angus Taylor has declared his party the only one capable of replacing the Labor government during a key federal council meeting address.

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Labor shrugs off claim tax shift will sink house prices

The government is selling controversial investment tax changes as an attempt to rebalance the playing field between young and old Australians.

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‘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.

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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.

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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.

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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.

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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.

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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.

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Island state to cut, cut, cut its way back to the black

Tasmania will spend more on servicing debt in 2026/27 than on police, fire and emergency services, showing the scale of the state's borrowing challenge.

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‘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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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‘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.

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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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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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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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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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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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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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War on illegal tobacco needs more ‘boots on the ground’

Huge enforcement gaps between jurisdictions mean illicit cigarettes and tobacco products are still too easy to access, experts warn.

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Electric vehicle fee could throttle record adoption

A road user charge for electric vehicle drivers could stall record-breaking sales, a study has found, with households in outer suburbs the hardest hit.

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RBA ready to shift up a gear as the neutral rate rises

The Iran war will hurt consumers by pushing up prices and slowing the economy but the Reserve Bank must act to contain inflation expectations, an official says.