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The Latest Breaking News from Federal Budget

Households to get energy bill relief, rent help goes up

Energy bill relief and more rent assistance will form part of a cost-of-living package in the federal budget to help Australians struggling to makes ends meet.

AAP

The ACT government's wishlist for the budget, tell us what you think

The federal budget will be handed down on Tuesday evening.

The Canberra Times

Digital IDs to be expanded in fraud crackdown

The federal budget will contain $288 million to boost the use of digital IDs over the next four years.

AAP

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Australian shares finish flat as federal budget looms

The ASX200 finished basically unchanged on the eve of the federal budget and ahead of a readout on US inflation later in the week.

AAP

Government defends faster inflation fall than RBA

Inflation will be back within the Reserve Bank's target range a year earlier than the bank has predicted, based on government budget figures.

AAP

Urgent care clinic funding a 'missed opportunity'

The peak body representing GPs says the federal budget's $8.5b health cash splash doesn't give enough support to doctors, chronic illnesses and mental health.

AAP

Wages, jobs updates to come with budget week

As well as a federal budget, Australia will get its quarterly check-up on worker wages, business surveys and monthly jobs figures.

AAP

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Chalmers signals inflation focus in budget – as it happened

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The Guardian - AU

Cost of living, net-zero industries focus of May budget

The third federal budget under the Albanese government will be handed down on Tuesday and a number of measures have already been unveiled.

AAP

Treasurer worried about home building pipeline

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

AAP

More tradies to be trained as housing targets loom

As Australia struggles through a housing shortage driven by workforce issues, the government has committed $90 million to training future construction tradies.

AAP

High steaks: PM launches drought fund at Beef Week

More than half a billion dollars will be allocated for projects helping farmers prepare for drought and to boost their capacity to adapt to climate change.

AAP

Federal budget to include new funding for stage 2B of light rail

Government also questioned on future of Canberra stadium.

The Canberra Times

Anti-money laundering, terrorism get budget boost

More than $166 million in the federal budget will expand money laundering rules so lawyers, real estate agents and other professions have to report.

AAP

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AAP

Tax revenue surge as treasurer tempers expectations

Labor won't receive as much tax revenue compared with previous years, but a surplus still remains within reach for the federal budget.

AAP

Finding savings in budget getting 'harder': Labor

The upcoming federal budget may contain more government spending than economists would like as they warn not to place more pressure on inflation.

AAP

Treasurer faces 'hard truths' in global industrial race

The federal budget provides the "perfect lever to pull" for Australia to win back jobs and investment in the global race to secure clean energy supply chains.

AAP

More cost of living relief on cards in federal budget

Ahead of the May federal budget, Treasurer Jim Chalmers has flagged more cost of living relief that will need to take pressure off inflation, not add to it.

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Top News

Canada's Federal Budget May Increase Taxes To Meet Goals

Canada's federal budget plans tax increases on high-income earners and corporations to boost revenue for economic recovery and pandemic challenges.

AAP

PM downplays commission criticism on manufacturing push

The chair of the productivity commission has raised concern the Future Made in Australia Act could increase reliance on government funds.

AAP

Home building muted yet rate cuts could spur activity

The pace of home building, as shown by official dwelling approvals data, continues to lag behind strong demand for housing.

International Business Times

US Lawmakers Race To Avert Weekend Government Shutdown

US lawmakers released a $1.2 trillion package in the early hours of Thursday to complete the 2024 federal budget -- teeing off a race to sign it into law before a government shutdown looming at the weekend.

AAP

Call to boost support for the 'financially distressed'

More opportunities for Australians facing "the worst" of increasing rent in a cost of living crisis are on the federal budget wishlist of welfare advocates.

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