Off-ramps built into Labor’s future industries agenda
Another era of prosperity is at the heart of the government's new industry plan, yet much hinges on its design to ensure taxpayer funds are used wisely.
state budget and tax
Sparks fly over energy bill handouts for the wealthy
Treasurer Jim Chalmers has defended a handout of energy rebates to all households despite calls to have it extended more to those struggling to make ends meet.
NSW ‘big budget winner’ despite $2b GST cut: treasurer
The reviews are rolling in on Tuesday night's federal budget, with two Australian states split on the support they've received from Canberra.
No ‘glamour’ in Territory’s crime-busting budget
The Northern Territory has unveiled a crime-fighting budget, with cash also splashed to improve schools before an election in August.
NZ boosts defence budget to upgrade equipment and pay
Defence equipment will be upgraded and salaries for personnel improved when the New Zealand government boosts its defence spending by half a billion dollars.
‘Nation-leading’ WA budget splurge fired by big surplus
WA has rolled out a "nation-leading" state budget, with billions of dollars to help families, boost housing supply and diversify its mining-led economy.
Parents to bank $400 bonus in Victorian family budget
More than 700,000 Victorian families will receive a $400 bonus as part of Premier Jacinta Allan's first budget she is touting as family-focused.
Project cuts and delays but Vic debt to soar higher
Melbourne Airport Rail has failed to take off, a medical precinct been abandoned and sick pay for casual workers dumped in a Victorian budget with few winners.
National gun register to be established by 2028
Some $160 million will be spent on creating a new national gun register aimed at increasing community and police safety.
Drop in GST revenue to cost NSW ‘more than COVID’
NSW Treasurer Daniel Mookhey says his state will lose $12 billion in the latest GST carve-up, jeopardising major federal school and hospital funding agreements.
Treasurer admits ‘difficult’ budget ahead for Qld
The Queensland government will maintain its commitment to cost-of-living relief for households despite the treasurer warning of a difficult budget ahead.
Higher taxes on foreigners pitched to free up homes
Overseas buyers could face higher state taxes to buy property in NSW as the government looks for ways to free up homes for local residents.
States in harmony on GST forecasts, discord on carve-up
Several state treasurers are calling on commonwealth officials to tell them how much GST they can expect for the next four years.
‘He is a tool’: GST war escalates as states trade barbs
The Victorian and NSW treasurers have come face to face as the Labor-run states publicly butt heads over the latest controversial carve-up of GST.
PM denies ‘favourites’ in under-fire GST carve-up
A GST carve-up system lambasted by a state treasurer as "absurd" does not play favourites despite repeat claims of unfairness, the prime minister insists.
budgets and budgeting
economy, business and finance
government
mining
politics
social services
state budget and tax
NSW, Queensland biggest losers in ‘absurd’ GST carve-up
Victoria and Western Australia are multi-billion-dollar winners in the latest carve-up of the Goods and Services Tax , which NSW has slammed as "absurd".
NSW loses $1.65 billion in GST revenue carve-up
NSW will be $1.65 billion worse off after its share of GST revenue was slashed from 92.4 per cent to 86.7 per cent - the largest single-year drop in 24 years.
‘Novel’ claim to have GST money cover Qld debt to NSW
NSW has threatened to withhold funding from Queensland if the state does not pay outstanding bills for COVID-19 hotel quarantine measures.
First homebuyer shared equity scheme clears lower house
A shared equity scheme allowing first homebuyers to buy a property with a two per cent deposit has passed the House of Representatives.
Aussies to keep more of what they earn as tax cuts pass
Low and middle income earners are guaranteed bigger tax cuts after changes championed by Prime Minister Anthony Albanese cleared federal parliament.
Tax brawl firms up as parties push for more relief
The coalition has flagged a tax policy that would let people keep more of what they earn if elected as it prepares to support Labor's revamped reforms.
Property investors won’t lose tax deductions: Treasurer
Treasurer Jim Chalmers says property investors will continue to enjoy their tax breaks, while ruling out the prospect of changes to negative gearing.
Tax cuts all but assured as coalition backs changes
Households struggling with living costs can breathe a sigh of relief, with the coalition agreeing to back Anthony Albanese's reworked tax cuts.
Dutton signals support for Labor’s changes to tax cuts
Australians in need of greater assistance are soon expected to get some relief, with signs the coalition is unlikely to oppose reworked tax cuts.
Alarm sounded over long-term effects of tax cuts
Concerns are being raised new tax cuts will put a dent in the pocket of Australians in the long-term as the issue of bracket creep remains.
‘Walloped’: NSW treasurer blames feds for budget strain
NSW Treasurer Daniel Mookhey has delivered a budget update his opponents have branded the "nightmare before Christmas".
Vic debt up $6 billion in 6 months, heading to $177.8b
Victoria's net debt is now expected to reach more than $177.8 billion by 2027 due to infrastructure spending, which is $6.4b more than predicted six months ago.
Cost of living relief lightens Queensland budget update
Queensland Treasurer Cameron Dick has spruiked further cost-of-living measures on the back off a balanced budget sheet in his mid-year budget update.
Funding deals struck with states on GST, health, NDIS
Anthony Albanese has negotiated deals with states and territories on extra health funding, the GST carve-up and the National Disability Insurance Scheme.
Chalmers open to talks with states on GST
Ahead of a treasurers' meeting, Jim Chalmers says he will work with the states to ensure they get a fair share of goods and services tax revenue.
Coal fires up Queensland’s budget surplus
Net debt has shrunk and the budget surplus has boomed, a report into the Queensland government's finances has revealed.