The Latest Breaking News from Federal Budget

Taxpayers, importers, and farmers are all being asked to pay more to keep economically devastating pests and diseases out of Australia in the 2023 budget.

The quality and performance of our housing have big impacts on the environment, cost of living and our health and wellbeing. The 2023-24 federal budget’s announcement of $1.6 billion for energy-saving upgrades to housing recognises the broad importance of retrofitting Australian homes.

Scammers are using the federal budget to target financially stressed Australians, with a wave of deceitful texts prompting a warning.

The Australian share market slips, weighed down by financial and energy stocks, as both sides of US politics fail to resolve their debt ceiling stand-off.

Treasurer Jim Chalmers is adamant that his budget will not make inflation worse and force the Reserve Bank's hand on interest rates — but economists are divided, with some saying it paves the way for a rate hike in the coming months.

Slashing cost-of-living pressures is a central feature of Labor's Federal Budget announcement which politicians and Hunter leaders have lauded as a win for locals.

Last year, Biden was trying to take credit for "the largest drop ever" in the federal budget deficit. Now, the deficit is almost three times as large as it was a year ago.

Most of the increase is attributed to the return of overseas students, skilled temporary visa holders and working holiday makers

Treasurer Jim Chalmers pledged billions in new spending to help families navigate the cost-of-living crisis in his second budget.