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The Latest Breaking News from Federal Budget

Government defends faster inflation fall than RBA

Inflation will be back within the Reserve Bank's target range a year earlier than the bank has predicted, based on government budget figures.

AAP

Urgent care clinic funding a 'missed opportunity'

The peak body representing GPs says the federal budget's $8.5b health cash splash doesn't give enough support to doctors, chronic illnesses and mental health.

AAP

Wages, jobs updates to come with budget week

As well as a federal budget, Australia will get its quarterly check-up on worker wages, business surveys and monthly jobs figures.

AAP

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Chalmers signals inflation focus in budget – as it happened

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The Guardian - AU

Cost of living, net-zero industries focus of May budget

The third federal budget under the Albanese government will be handed down on Tuesday and a number of measures have already been unveiled.

AAP

More tradies to be trained as housing targets loom

As Australia struggles through a housing shortage driven by workforce issues, the government has committed $90 million to training future construction tradies.

AAP

Treasurer worried about home building pipeline

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

AAP

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High steaks: PM launches drought fund at Beef Week

More than half a billion dollars will be allocated for projects helping farmers prepare for drought and to boost their capacity to adapt to climate change.

AAP

Federal budget to include new funding for stage 2B of light rail

Government also questioned on future of Canberra stadium.

The Canberra Times

Anti-money laundering, terrorism get budget boost

More than $166 million in the federal budget will expand money laundering rules so lawyers, real estate agents and other professions have to report.

AAP

Tax revenue surge as treasurer tempers expectations

Labor won't receive as much tax revenue compared with previous years, but a surplus still remains within reach for the federal budget.

AAP

Finding savings in budget getting 'harder': Labor

The upcoming federal budget may contain more government spending than economists would like as they warn not to place more pressure on inflation.

AAP

Treasurer faces 'hard truths' in global industrial race

The federal budget provides the "perfect lever to pull" for Australia to win back jobs and investment in the global race to secure clean energy supply chains.

AAP

More cost of living relief on cards in federal budget

Ahead of the May federal budget, Treasurer Jim Chalmers has flagged more cost of living relief that will need to take pressure off inflation, not add to it.

AAP

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Top News

Canada's Budget To Address Housing Crisis With Billions

Canada's federal budget allocates funds to address housing crisis, focusing on affordability and availability. Government aims to provide secure and afford...

Space

NASA gets $25.4 billion in White House's 2025 budget request

President Biden's 2025 federal budget request allocates $25.4 billion to NASA, a minimal increase over what Congress just allocated for 2024.

AAP

Businesses to save as government scraps tariffs

Hundreds of nuisance tariffs on everyday items like tools, clothing, dishwashers and more will be scrapped in a move that will save businesses millions.

Al Jazeera

US Senate passes $460bn spending bill to avert government shutdown

Vote is a major step towards finalising the 2024 federal budget after months of deadlock in the divided Congress.

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