Mixed response to $350m housing boost
While lobby groups are heartened by the government's plan to build a million houses across the next five years, critics have described it as a 'con job'.
politics
PM vows to lead UK out of economic crisis
UK Prime Minister Rishi Sunak has reappointed Jeremy Hunt as his finance minister and vowed to fix the "mistakes" of his predecessor.
Morrison apology cited by Lehrmann defence
A parliamentary apology to women by Scott Morrison was proposed as reason to halt the trial of a man accused of raping political staffer Brittany Higgins.
Slaying inflation dragon key: Chalmers
Jim Chalmers has begun the task of budget repair, even as households face power price spikes and lower real wages due to rising inflation.
Budget repair begins, tax reform is next
Labor has taken a big step towards budget repair but the harder work of serious tax reform has been deferred until further down the track.
Power prices tipped to rise by 50 per cent
Retail electricity prices are expected to rise by 50 per cent over the next two years, the budget papers have revealed.
Billions set aside for aged care reforms
The government will spend billions in the federal budget overhauling the aged care sector, while COVID-19 response measures are also being extended.
Workers must wait two years for a pay rise
A gloomy economy will weigh on household budgets with a boost to real wages not expected until at least mid-2024.
Environmental projects get ‘down payment’
More than $1 billion will go towards protecting the Great Barrier Reef, with budget funds also set aside to save the nation's iconic endangered animals.
Injured veterans to get extra $1000 a year
Injured military veterans will soon receive an extra $1000 a year and hundreds of support staff will be hired to process their claims.
Budget ‘improves liveability’ in regions
The Albanese government says it is committed to regional Australia's future, funding health, skills and connectivity, while delaying dam projects.
Record energy spending amid global crisis
Record budget funding for landmark energy reforms is intended to steady the electricity grid and encourage investors to bankroll Australia's net zero future.
breaking_news
budgets and budgeting
economy, business and finance
energy
environmental politics
politics
Climate bill $30b in first carbon budget
Australia's first carbon budget comes with a hefty price tag for climate spending to meet national and international pledges.
No more ‘sleepwalking’ on manufacturing
A $15 billion fund has been set up to stop Australia "sleepwalking" as rival economies seize new opportunities in advanced manufacturing and critical minerals.
$350m to kickstart housing affordability
Australians priced out of the rental market are set to benefit from a $350 million affordable housing scheme included in the federal budget.
Thorpe defiant over senate bikie probe
Parliament will investigate Greens senator Lidia Thorpe's failure to disclose a relationship with a former bikie boss while on a law enforcement committee.
Medibank hack bigger than first thought
Medibank has revealed a cyberattack was bigger than initially believed and general customer data was exposed.
Lehrmann trial jury given some respite
A jury has indicated it is struggling to reach a verdict in the trial of the man accused of raping Brittany Higgins, with the judge asking it to keep trying.
Chalmers braces for budget belt tightening
Treasurer Jim Chalmers has unveiled a budget that includes cost of living relief and down payments on election promises, but warns of hard decisions to come.
New PM vows to fix UK’s many problems
New British Prime Minister Rishi Sunak has pledged to restore trust, rebuild confidence and lead the country through an economic crisis.
Senator faces probe for bikie relationship
Greens senator Lidia Thorpe has referred herself to parliament's powerful privileges committee after failing to disclose a relationship with an ex-bikie boss.
Jury told not to rush on Lehrmann verdict
A jury in the trial for the man accused of raping Brittany Higgins has not yet reached a verdict after its third full day of deliberations.
Petrol price spike looms for motorists
Some retailers are already charging more than $2 a litre as cities move into the first new fuel cycle since petrol tax relief expired.
Budget tips $1b into regional grant revamp
Two new regional grants programs will be introduced by the Albanese government in the upcoming budget, to improve transparency of decision making.
Labor gears up to hand down first budget
Soaring inflation and almost a trillion dollars of debt will set the scene for the Albanese government's first budget.
Sunak looks set to become next UK PM
Boris Johnson has quit the race to be Britain's next prime minister, leaving Rishi Sunak the favourite to take the job.
Budget to look at power price pressure
Labor is promising relief on energy costs in the federal budget as it stands by its election pledge to reduce power bills.
Weak dollar a ‘modest’ inflation driver
The weakening Australian dollar will make imports more expensive but the RBA says its effects will be relatively minor.
Labor ready for tough job of budget repair
Finance Minister Katy Gallagher says Tuesday's budget will include over $21 billion in savings and decisions to redirect existing spending.
Jury told ‘no rush’ on Lehrmann verdict
A jury deliberating in the trial of Bruce Lehrmann, accused of raping former colleague Brittany Higgins, has been told there is no rush or time limit.
Qld plan to crack down on child offenders
The Queensland government wants to introduce laws to give police greater powers to inspect the digital devices of child sex offenders.