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The Latest Breaking News from Australia

Josh Frydenberg’s budget is an extraordinary turnaround – but leaves a $40 billion problem

It’s often said in business circles that good companies manage their balance sheet, and bad companies manage their P&L (profit and loss account). That same aphorism applies to governments.

The Conversation

China lodges concerns with Australia over student’s deportation

Beijing says it lodged ‘solemn representation’ with Canberra after the student was searched and repatriated.

Al Jazeera

Budget 2022: Frydenberg has spent big – but on the whole, responsibly

So good, and so unexpected, has been Australia’s economic improvement over the past three months, it has wiped one-third of the projected 2022-23 budget deficit. Or it would have, had the government not decided to give away almost half (45%) the windfall.

The Conversation

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Billions in tax breaks for middle-class workers in Treasurer’s election budget pitch

Josh Frydenberg promises billions on middle-class welfare in a pre-election budget framed to offer voters a share in Australia's post-pandemic recovery.

The New Daily

Christian Porter uses final speech to hit out at 'angry mob' and warn of China 'peril'

Once touted as a future prime minister, Christian Porter bows out of politics with a speech to parliament warning of the dangers of mob rule and the rise of China.

ABC News

Redspice: budget ushers in Australia’s ‘biggest ever’ cybersecurity spend

Pledge of $10bn will see electronic spy agency double and ramp up ability to launch offensive cyber operations

The Guardian - AU

At this gravest of times the Coalition has served up an election budget designed simply to keep itself in power

If we move from Josh Frydenberg’s rhetoric to content, we discover this isn’t a serious plan for the future. This is a plan for the next few months

The Guardian - AU

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Federal budget 2022: Josh Frydenberg promises cash splash for households with billions on offer

Extra tax cut for 10 million low and middle income workers worth up to $420 – while fuel excise will be slashed for next six months

The Guardian - AU

New gas, technologies key to energy future

Vast gas reserves, technologies and new critical minerals projects will power economic growth and meet future energy needs, according to the budget blueprint.

AAP

Cyber and intelligence get $10b boost

Australia's chief cyber intelligence agency will almost double in size with an additional 1900 new jobs as the country seeks to boost its capabilities.

AAP

Australia's defence spending tops $500b

Spending on defence has topped two per cent of GDP as the federal government positions itself as strong on national security ahead of the upcoming election.

AAP

Australian Treasurer woos voters with relief for rising costs

- Australia's centre-right government pledged billions in fuel tax cuts, cash give-aways and public works spending on Tuesday as it looks to claw back voter support ahead of what is tipped to be a tough election in May amid a surge in living costs.

Reuters

Digital boost, space mission launch growth

The budget is 'shooting for the stars' with a space mission and plans to make Australia a top 10 data and digital economy by 2030.

AAP

Australia's $1t-plus debt to peak in 25/26

Despite the considerable cost of responding to the COVID-19 emergency, the federal government says the still rising debt burden remains manageable.

AAP

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AAP

New Australia-Solomons high commission

Australia is pumping more money into the Pacific amid fears of Chinese influence in the region and a potential security pact between Beijing and Honiara.

AAP

Billions set aside for COVID winter fight

Out-of-pocket costs for prescriptions will be reduced for millions of people, while Medicare funding will increase over the next five years.

AAP

Record spend to 'turbocharge' regions

The federal government says its budget spending on regional Australia sets a new record, with funding for roads, rail, energy, health and connectivity.

Daily Record

X Factor bad lad Frankie Cocozza looks completely different in new life as loving dad

The 29-year-old has got rid of his shaggy locks and settled down on the other side of the globe.

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The Independent UK

Michael Vaughan says Joe Root should step down as England Test captain

England have won only one of their last 17 Tests and the pressure has been mounting on Root following a 4-0 Ashes series defeat by Australia and 1-0 loss in West Indies

The Guardian - AU

Treasurer delivers budget speech – as it happened

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Reuters

China lodged concerns with Australia after Chinese student searched and repatriated

China has lodged a "solemn representation" with Australia after reports that a Chinese student was searched upon landing in Australia and then repatriated, Chinese foreign ministry spokesman Wang Wenbin said on Tuesday.

The Independent UK

Thousands to commemorate Warne, cricket's 'box office' star

More than 50,000 people are expected to gather for a memorial service to honor cricket great Shane Warne at the Melbourne Cricket Ground on Wednesday

ABC News

Australia loses Ashton Agar for Pakistan ODI series after positive COVID-19 test

The Australian squad has been hit by another positive COVID-19 case just hours before the first ODI in Lahore, with spinner Ashton Agar ruled out of the series.

AAP

Agar gets COVID, Australia low on players

Australia are down to just 13 fit and healthy players in their tour squad of Pakistan after Ashton Agar joined Josh Inglis in testing positive to the virus.

AAP

Former attorney-general farewells politics

Former attorney-general Christian Porter has farewelled federal parliament after 14 years representing Western Australia.

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