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The Latest Breaking News from Federal Budget

From boomers to Gen Z: how the federal budget affects the generations

Younger Australians feared the budget would further entrench generational inequality. Four Guardian Australia reporters reflect on what it offers their age group

The Guardian - AU

What's in the federal budget to help ease the housing affordability crisis?

More than one million low-income renters will soon get an increase to their Commonwealth Rental Assistance payment under a new measure announced in the budget.

ABC News

Federal budget 2023: winners and losers summary

Some renters and welfare recipients will benefit, while middle-income renters, smokers and scammers will be worse off

The Guardian - AU

From analysis to the latest developments in health,
read the most diverse news in one place.

Federal budget 2023: Here’s what’s in it for you

Treasurer Jim Chalmers' second federal budget has been headlined by healthcare reform and a huge boost in welfare payments.

The New Daily

Government banks on revenue from tobacco crackdown and GST compliance to bring in billions in federal budget

Revenue to be boosted by $134.8bn due to higher personal income taxes buoyed by higher wages, higher company taxes and commodity prices

The Guardian - AU

Inflation rate to halve, bringing wage growth by 2024, federal budget predicts – with hope of mortgage relief

Australia’s economy remains resilient as global growth slows to its worst performance in more than two decades

The Guardian - AU

Federal budget 2023: Jim Chalmers delivers surprise $5bn Medicare boost and cost-of-living help for Australians ‘under the pump’

Treasurer aims to strike a ‘methodical balance’ to see people through the hard times while setting the country up for a better future

The Guardian - AU

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Budget spends big on support but won't make much difference to poverty

The 2023 federal budget has a strong emphasis on the cost-of-living, with a A$14.6 billion plan designed to help Australians who are “under the pump”.

The Conversation

The federal budget promises $14.6 billion in cost-of-living relief. Where is it going, and who will be eligible for support?

The federal budget includes billions in "targeted relief" for the most vulnerable Australians. Here's where the funds are going.

ABC News

Federal budget 2023: Winners and Losers

More money for JobSeeker, bulk-billing and spies, but more taxes on smokers and travellers. Find out who is up and who is down in the second federal budget delivered by Treasurer Jim Chalmers.

ABC News

Federal budget summary: JobSeeker and welfare payments increased as living costs bite

A modest increase in unemployment benefits and cheaper healthcare are the centrepieces of a federal budget tasked with helping the nation's most vulnerable at a time when living costs are hurting households.

ABC News

Increase in JobSeeker and rent assistance confirmed ahead of tonight's federal budget

The government has confirmed that tonight's federal budget will include an increase to the JobSeeker base rate, rent assistance, Austudy and Youth Allowance.

ABC News

Federal budget 2023: Treasurer reveals $40 fortnightly JobSeeker rise, boost to bulk billing and rental assistance — as it happened

Treasurer Jim Chalmers delivers this year's federal budget, with a focus on cost of living and health. Look back on Tuesday's updates.

ABC News

What time is the 2023-24 federal budget? Here are the key things to watch for and what 'budget surplus' means

While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.

ABC News

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The Guardian - AU

You be the Australian treasurer: raise welfare, reform the tax system, go for a federal budget surplus

Tax cuts for high-income earners, build a bullet train, scrap the submarine program, raise jobseeker – you decide in this interactive feature

The Guardian - AU

Treasurer delivers budget speech – as it happened

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ABC News

ASX edges lower ahead of federal budget, CBA shares recover, Chinese imports slump — as it happened

The ASX finished lower ahead of tonight's federal budget and Commonwealth Bank's CEO has warned of tough times ahead, despite a better-than-expected quarterly profit.

The Conversation

Australia’s housing crisis is deepening. Here are 10 policies to get us out of it

As Australia’s housing crisis deepens, governments at all levels are being called on to help. The federal budget will be handed down today, and housing will be a key talking point.

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news in one place.

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ABC News

Details of $250m in promised funding for Alice Springs, Central Australia to be revealed in federal budget

Details of tens of millions of dollars in funding to improve safety in the embattled town, announced by the prime minister in February, will be revealed for the first time in the federal budget.

The Guardian - AU

Inside the Canberra bubble: what happens in the federal budget media lock-up?

Are you actually locked up? Is it stressful? Do you have internet access? Amy Remeikis answers all your burning budget questions

The New Daily

Budget tipped to go back in black with $4 billion surplus, as debts reduced

The federal budget is predicted to dip into the black which, if it eventuates, will be the first time a surplus is recorded in 15 years.

ABC News

The gas industry is being hit with jacked-up taxes. What's changing?

Tuesday's federal budget will include changes to a key tax levied on gas exporters, aimed at bringing billions in additional revenue to the budget over the next few years. But some say it still falls too far short.

Reuters

Australian govt pledges $10 billion in budget to ease cost of living

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.

ABC News

Federal budget: White Pages listings, payments to tax havens and the weird contracts within

The federal government spends about $650 billion a year. Where some of it goes will surprise you.

The New Daily

Budget 2023-24: What we know so far, before Treasurer Jim Chalmers’ speech

Treasurer Jim Chalmer’s second federal budget will be unveiled on Tuesday, with cost of living relief at the top of the agenda.

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