The Latest Breaking News from Federal Budget

The cost of negative gearing is set to more than triple as interest rates rise and, with it, the capital gains tax discount is expected to cost the federal budget more than $20 billion a year within a decade.

Opponents of the card are calling for greater clarity from the Albanese government about what services will be made available to support the thousands of people transitioning off the program.

TUESDAY'S federal budget was framed on commodity price assumptions that included a fall in thermal coal from $US438 a tonne to just $US60 a tonne by July this year.

Financial commitments in the federal budget show the government is serious about Indigenous issues, a law academic who helped design the Uluru Statement says.

“Restraint” – that’s what Treasurer Jim Chalmers claimed as the watchword of Tuesday’s federal budget. Perhaps the claim can be made in general, but when it comes to transport infrastructure, the budget is remarkable not for how different it is to budgets past, but how similar. It has left plenty…

The first Labor federal budget has come down, but the arts are almost nowhere to be seen.

The government has been accused of neglecting funding for regional Australia in the federal budget, but the minister in charge insists it is a focus.

Newcastle Airport says it is "thrilled" to have funding for its new terminal building confirmed in Tuesday's federal budget, and the Hunter's peak business group has welcomed commitments to other large infrastructure projects.

There are growing concerns about the sustainability of a central Labor policy following new budget projections showing the extent of National Disability Insurance Scheme cost blowouts.