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The Latest Breaking News from Federal Budget

Medibank's market value drops $1.6b in one week, Reserve Bank tipped to lift rates even further as inflation hits 32-year high

Medibank's hacking debacle results in the company's market value plunging by $1.6 billion, ANZ is fined $25 million for misleading customers, while the local share market rises for its third straight day as Australian inflation hits a 32-year high.

ABC News

Middle Arm industrial precinct, remote homelands and Aboriginal art gallery funding confirmed for NT in federal budget

Funding for a billion-dollar industrial hub on Darwin Harbour and a national Aboriginal art gallery in Alice Springs are among the big-ticket items confirmed for the Northern Territory in Tuesday's federal budget.

ABC News

Budget 'fleeced' NSW again: Perrottet

Dominic Perrottet says NSW has been stiffed of infrastructure funding after money was taken away from several projects.

AAP

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Budget 2022: Treasurer details budget in Press Club speech, after yearly inflation hits highest point since 1990 — as it happened

The government warns of tough times ahead for families after delivering its first budget, with Treasurer Jim Chalmers saying inflation "will get worse before it gets better."

ABC News

What's in the federal budget for me? Here's a quick guide

Labor's first budget in almost a decade has been handed down — here's what you need to know about what's in it for you.

ABC News

Jim Chalmers just handed down his first federal budget, but did he get his facts straight?

Did the Treasurer get his facts straight in Labor's first budget speech in a decade? RMIT ABC Fact Check investigates.

ABC News

Labor’s Dropped Its First Federal Budget In A Decade So Here Are 6 Takeaways For Young Aussies

Labor's flagged the budget as "responsible" - but it's still going ahead with those tax cuts.

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Wrestling with costs and shortages, businesses look to federal budget for answers

Businesses are hopeful commitments to reduce childcare costs will encourage more women to return to the workforce.

The Canberra Times

Six graphs that explain the 2022 federal budget: rosy views mugged by reality

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

The Guardian - AU

ABC given $83.7m to reverse Coalition’s funding cuts but little help for arts in 2022 budget

Australian federal budget provides $500,000 for feasibility study into the expansion of Double J to FM frequencies

The Guardian - AU

Federal budget 2022 summary – winners and losers: who will benefit and who was left behind?

The governor general, Bob Katter, jobseekers, seniors and Double J listeners – everyone has a stake in the federal budget, but some have done better than others

The Guardian - AU

Federal budget 2022: Jim Chalmers heralds budget of ‘restraint’ while warning of risks ahead for households

Treasurer flags need for tax reform to put economy on more sustainable path and further intervention in energy sector amid soaring prices

The Guardian - AU

Money locked in for Indigenous voice vote

More than $75 million is being set aside in the federal budget to prepare for a national referendum on a proposed Indigenous voice to parliament.

AAP

Big cash injection for disability services

The federal budget includes an extra $8.8 billion for the National Disability Insurance Scheme, with extra frontline staff to be rolled out.

AAP

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AAP

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.

ABC News

Budget 2022: Chalmers promises five-point plan for cost of living relief — as it happened

Labor has delivered the second federal budget of the year, announcing a plan for cost of living, wages and housing.

ABC News

Jim Chalmers says the Coalition is responsible for $1 trillion of debt in the federal budget. Is that correct?

Treasurer Jim Chalmers says the budget is "heaving with a trillion dollars in Liberal Party debt". Is that correct? RMIT ABC Fact Check investigates.

ABC News

Cash injection to fix GP shortage high on federal budget wish list for Tasmania

Brighton resident Marilyn Wiltshire was "distraught" when her local general practice clinic closed. But there may be some hope for her and fellow locals in the federal budget.

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ABC News

Treasurer Jim Chalmers expected to reveal a $40 billion improvement to the federal budget bottom line

Treasurer Jim Chalmers says his first budget will show a multi-billion-dollar improvement on forecasts from the previous government's budget.

ABC News

What do you want to know about the federal budget and how it affects you? Ask a question or share your story

Do you have questions about the federal budget or are you concerned about how it affects you? Tell us more

AAP

Extra university spots to upskill nation

An extra 20,000 university places have been created in key fields to help address Australia's skill shortage.

The Guardian - AU

Labor’s ‘rorts and waste’ audit to deliver $10bn in savings to federal budget

Government will also shuffle funds and axe Coalition projects to free up $11bn for their own policy priorities

The Guardian - AU

Chalmers offensive: crunch time as treasurer faces first federal budget

A volatile global economy looms as Jim Chalmers assembles the Albanese government’s inaugural budget, where he will be judged on delivering on election promises while exercising restraint

The Independent UK

Student debt forgiveness causes monthly deficit to jump 562%

The Treasury Department says that the federal budget deficit was 562% higher on a monthly basis compared with September 2021

Roll Call

Deficit cut in half last year, but more red ink lurks - Roll Call

The federal budget deficit for the fiscal year that ended Sept. 30 fell to just under $1.4 trillion, a 50 percent drop from the prior year.

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