The Latest Breaking News from Josh Frydenberg

Josh Frydenberg's fourth federal budget will forecast an improved bottom line, with deficits expected to shrink by tens of billions of dollars, and unemployment predicted to reach 50-year lows.

The federal budget will forecast the unemployment rate falling to 3.75 per cent later this year, well below what was expected just a few months ago.

Most commentators on the coming federal election probably see a hung parliament and a minority government as one possible outcome. There is already a crossbench of seven, with five independents plus Liberal defector Craig Kelly for the United Australia Party and Greens leader Adam Bandt.

Tuesday night's federal budget is expected to include a cut to the fuel excise as well as assistance for more first home buyers.

Many financially disadvantaged Australians and those with chronic conditions face difficulty meeting healthcare costs, a survey of 5000 adults shows.

Largest new spending is $3.1bn for Melbourne Intermodal Terminal with package also allocating $140m for a regional road safety program

Labor is hinting it will support key Coalition budget measures designed to ease the cost of living, including a temporary cut to the fuel excise.

Coalition extends apprenticeship wage subsidy ahead of Tuesday night’s budget, which is expected to offer financial assistance to households

Economists expect a much-improved bottom line when Treasurer Josh Frydenberg hands down his fourth budget on Tuesday.

Treasurer Josh Frydenberg all but confirms motorists will be given relief at the petrol pump under a package of cost-of-living measures in Tuesday's federal budget.

Treasurer Josh Frydenberg says Tuesday's budget will show a significant improvement in the bottom line as a result of a strong economy.