Budget

The Northern Territory's net debt will reach more than $12 billion next financial year, with the budget forecasting a further increase to nearly $14 billion by 2029.

Bill Yan is volunteering as chief marshal at the five-day Barramundi Classic on the Daly River, but has not taken leave from his ministerial role.

What specifically can West Australians expect from another three years of a federal Labor government? 

US President Donald Trump wants to decrease governmental spending by almost 23 per cent amid a sweeping restructure of domestic priorities, but will seek approval for a boost to defence.

The Coalition enters the dying hours of the 2025 election campaign defending its budget against charges from some of the nation's top economists that it erodes the Coalition's self-declared legacy of fiscal responsibility.

Several key independent MPs say if they are returned to parliament on May 3 and neither Labor nor the Coalition win an outright majority, they will seek a review of Australia's tax base through a "broad-ranging" process, saying the "taboo" on tax must end.

Shadow Treasurer Angus Taylor will claim the Coalition's budget deficits would be at least $10 billion smaller than Labor's forecast $150 billion shortfalls over four years. 

Treasurer Jim Chalmers says the federal budget will be about $1 billion better off over four years compared to the March budget.

Iron ore is the lifeblood of Western Australia's economy, but the industry has a new competitor in the form of the Simandou mine in Guinea that holds one of the largest untapped high-grade deposits in the world.

The cost of living has dominated politics for three years, and will be top of mind when voters turn up to the ballot box. But how much blame should the federal government really wear? 

On Sunday alone, Labor and the Coalition unveiled almost $24 billion in spending. Neither side has detailed how the new promises will be funded, or where the offsetting savings or tax cuts will come from.

Jim Chalmers and Angus Taylor have clashed over housing policy during a heated debate about Australia's economy on 7.30.

Saul Eslake said the proposal to set aside mining windfalls in a fund to pay down future debt was "shuffling money around", but Angus Taylor said it would create a "lasting national asset".

The opposition leader has promised to pour more money into a freight bypass estimated to divert trucks from metropolitan Adelaide.

Federal government figures have cast doubt on whether a national target to bulk bill nine out of ten GP visits will be met in the ACT.

A freight bypass estimated to divert up to 420,000 trucks a year from congested Adelaide thoroughfares is back on the agenda following the federal budget.

Both major parties know how to improve Australia’s abysmal productivity performance but they have deemed it too hard.  

Even though the tech sector had low expectations for this budget, there's something impressive about the fact that budget week still managed to genuinely surprise and worry even the most devoted realists in the tech economy.

The budget papers suggest the end of deficits would be a decade away, but new analysis says even that timeframe is unrealistic.

Opposition Leader Peter Dutton has delivered his response to the government's budget and it's big on petrol and gas, with barely a word on nuclear.