Debt piles up as public service faces $3b budget cut
Taxpayers are set to foot the bill as interest on debt eats a $29-million-a-day hole in a state budget, despite public service job cuts and higher tax revenue.
government debt
Market turmoil could stoke inflation: Future Fund
The Future Fund has outperformed the broader market and its own target but its managers warn market uncertainty could lift bond yields and reignite inflation.
No respite from tax burden on younger workers in budget
Young income earners will be increasingly called upon to fund rising public spending unless structural tax reforms are made in the next term of government.
Labor set for budget boost thanks to higher tax take
Australia's bottom line will be $11 billion better off, if the government releases a budget before the election, a leading economist predicts.
Coalition, Labor miss the mark on $347b spending claim
The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.
Coalition, Labor miss the mark on $347b spending claim
The opposition's claim Labor has added $350 billion in spending omits the impact of inflation, while Labor's response misconstrues the coalition's planned cuts.
Lift-off for new Rex sale after $50m taxpayer lifeline
Taxpayers will fork out a $50 million debt lifeline to Rex, with the federal government stepping in for a second bid to sell the embattled airline.
LNP drum up support after dancing around costings
The Queensland opposition has drummed up interest for its youth crime prevention measures after being accused of dancing around costings ahead of the election.
War of words over inflation as national debt dives
Australia lags behind western nations in tackling inflation, the shadow treasurer says, as the Reserve Bank mulls whether to lower interest rates.
Biden, McCarthy reach tentative US debt ceiling deal
US Democratic President Joe Biden and Republican House Speaker Kevin McCarthy have reached a tentative deal to raise America's debt ceiling.
Debt ceiling deal ready for Congress vote: Biden
US President Joe Biden has urged Congress to pass the tentative debt ceiling deal he reached with Republican House Speaker Kevin McCarthy.
‘Inhumane’ debt collection of welfare overpayments ends
Welfare recipients owing debts will no longer be pursued by third-party debt collectors, with the process to be handled by the department in charge of payments.
Australia may return Norfolk Island to self-governance
Almost 2200 people living on Norfolk Island could have self-rule returned more than seven years after the federal government took over the remote island.