The Latest Breaking News from Labor

Climate and environment programs in 2022-23 partly funded by redirecting $746.9m from those promised by Coalition

Jim Chalmers promised a “bread-and-butter” budget, but he is unlikely to have disappointed Labor’s faithful by delivering it.

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

Jim Chalmers’ inaugural budget plants its feet as solidly as possible in the shifting sands of difficult and unpredictable international and local conditions.

Record budget funding for landmark energy reforms is intended to steady the electricity grid and encourage investors to bankroll Australia's net zero future.

It's the second federal budget of the year, but this time Treasurer Jim Chalmers is delivering Labor's first in close to a decade. Here's where it plans to spend its money and where it wants to rein things in.

Treasurer Jim Chalmers has brought down a no-surprises budget that delivers Labor’s election promises but warns Australians “hard decisions” are needed for the “hard days to come”.

The Albanese government says it is committed to regional Australia's future, funding health, skills and connectivity, while delaying dam projects.

Australians are facing a bleak couple of years, with Treasury forecasting dual woes of sustained high living costs and declining real wages. The budget bottom line has improved but Treasurer Jim Chalmers is warning of tough decisions in coming months.