The Latest Breaking News from Josh Frydenberg

Here's your TL;DR for this morning's news.

Good morning, early birds. More than $11 billion would be slashed from our welfare spending in the next four years if the Coalition wins the election, and residents in parts of Lismore were ordered to evacuate last night amid a life-threatening flash flooding risk on the north coast. It’s the…

A decade ago, and years before Treasurer Josh Frydenberg promised a budget that was “back in the black”, Prime Minister Julia Gillard promised the same thing.

The expectations of Scott Morrison and Treasurer Josh Frydenberg repeating their escape from the political pickle they are in with the budget are low.

Scott Morrison is gone. Anthony Albanese will win the election. Josh Frydenberg is fighting to save some of the furniture. There, it’s been said.

Australians will get one-off cash handouts and tax breaks and pay less for fuel under a raft of pre-election sweeteners announced in the federal budget.

Treasurer Josh Frydenberg has banked the windfall from strong economic growth, low unemployment and a spike in commodity prices.

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.

Budget night will be the treasurer’s time to shine, but he’s also well-placed to shine as Liberal leader if there just happens to be a vacancy.

Australians are feeling the cost-of-living pinch and the Coalition hopes a megabillion-dollar cash splash will ease the pain.