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Today

Anthony Albanese

There is method in the energy rebate economists will hate

This is a budget that acknowledges the government is facing a mountain of problems that cannot be solved any time soon.

  • 24 mins ago
  • Laura Tingle

The budget in five key charts

The five key graphs to understand the government’s latest federal budget.

  • 47 mins ago
  • Edmund Tadros
Jim Chalmers’ third budget confirms the government’s willingness to spend up big even while proclaiming its fiscal rectitude.

The costs of the future still start adding up today

Jim Chalmers is betting he can get the balance right between curbing inflation in the short term while promoting growth in the longer term.

  • 1 hr ago
  • Jennifer Hewett

Spending addiction fuels a new decade of deficits

This pre-election budget includes $300 in power bill discounts for every household, $1.9 billion in rent assistance and $14 billion in tax credits for critical mineral miners and green hydrogen producers.

  • 1 hr ago
  • Phillip Coorey
Reserve Bank governor Michele Bullock.

There’s an $80b spending bomb buried in the budget

The people who should be most worried about this profligate pre-election budget are Reserve Bank governor Michele Bullock and home borrowers.

  • 1 hr ago
  • John Kehoe
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Harriet

From babies to Boomers: what’s in the budget for you

The 2024 federal budget includes power bill relief, more training places and additional rent assistance.

  • 1 hr ago
  • Joanna Mather and Lucy Dean

$24b in front-loaded spending risks fuelling inflation

Spending and taxing decisions in this budget will tip an extra $24 billion into the economy, jarring with the government’s claims that it is putting downward pressure on inflation.

  • 1 hr ago
  • John Kehoe
RBA governor Michele Bullock.

The most irresponsible budget in recent memory

The government set itself a simple standard: not to make the Reserve Bank’s job harder. Michele Bullock may just choke on her cornflakes.

  • 1 hr ago
  • Steven Hamilton
Backpackers from China, Vietnam and India will be subject to a lottery to qualify for a visa.

Backpackers from China, India, Vietnam caught in migration crackdown

The government expects to halve migration levels by next year, with international students bearing the brunt of measures.

  • 1 hr ago
  • Julie Hare, Michael Read and Tom McIlroy

Chalmers crumbles and gives up spending restraint

Jim Chalmers is like a bloke who successfully dieted for two years but crumbled after someone shoved a bucket of KFC under his nose.

  • 1 hr ago
  • Phillip Coorey
Minister for Women Katy Gallagher.

Gender and family advocates will have to wait a bit longer

The issue with announcing a rise in wages for childcare workers is that there is a multi-enterprise bargaining process underway.

  • 1 hr ago
  • Sally Patten
How the government will double the number of university students is not clear.

Double Aussie uni student numbers? The question is still how

A flurry of higher education announcements ahead of the budget didn’t get to the crux of Jason Clare’s big ambition. Neither did the budget.

  • 1 hr ago
  • Julie Hare
Finance Minister Katy Gallagher says the government will support agencies to “get better value”.

Defence tries its hand at consulting as Labor keeps heat on big firms

The government will also conduct a second audit of public sector employment to track the progress on reducing its reliance on external advice.

  • 1 hr ago
  • Maxim Shanahan
Last year’s budget expanded net spending by 0.8 per cent of gross domestic product in a year. This year it’s another 1.5 per cent. And those increases look permanent.

Forget policy, Albonomics is all politics

The budget is just more hard proof that Australia has not elected a government driven by policy since Kevin Rudd’s Labor in 2007.

  • 1 hr ago
  • Richard Holden
Gladys Noszkowski is a Surfers Paradise retiree. The extension of a freeze on the deeming rate will mean retirees like her will keep more of their income.

Deeming rate freeze extension keeps pensioners $3300 in the green

The figure used to estimate how much retirees’ investments are earning will remain well below where it would otherwise be, easing fears of an “income cliff”.

  • 1 hr ago
  • Lucy Dean
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BHP’s $64b game; Chalmers slams ‘trick’ claim; Meme stock stupidity

Read everything that’s happened in the news so far today.

Yesterday

Lendlease doubts $112m bill; Musk’s video win; Wall St legend’s truths

Read everything that’s happened in the news so far today.

This Month

The potential tax hit is alarming wealthy super savers and forcing some to rethink their strategies.

How the $3m super tax whack might hit property investors

Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.

  • Duncan Hughes

Rio investors’ fear; Tesla slashes Oz jobs; Perpetual’s bigger story

Read everything that’s happened in the news so far today.

Think you know this week’s news? Answer these 10 questions

Have you been paying attention this week? Test your knowledge across politics, business and world news.

  • Ingrid Fuary-Wagner and Daniel Arbon