The Latest Breaking News from Danielle Wood

The 300-page missive will include forecasts about the economy and budget over the next 40 years

‘Bold is what we need’ from budget to lift people out of poverty and address cost of living, Grattan Institute’s Danielle Wood says

Teal candidates again fell short in the NSW election. Only one who was so labelled was successful, and she rejects the terminology. This followed the Victorian state election in which no teal won.

Experts also suggest scrapping the stage-3 tax cuts, placing a price on carbon and removing fossil fuel subsidies

Asked to choose measures by efficiency, 40 per cent chose increased or new taxes on land, while 39 per cent chose more resource taxes.

Asked to find an extra A$20 billion per year to fund government priorities like building nuclear submarines and responding to climate change, Australia’s top economists overwhelmingly back land tax, increased resource taxes, an attack on negative gearing and extending the scope of the goods and services tax.

Everyday Australians are not alone in feeling the interest rate pinch, as the Victorian government sees its interest repayments expand.

A plan to acquire a fleet of nuclear subs has been unveiled, but experts said the eye-watering price tag will force tough budget debates.

Victoria's Labor premier is fighting for a third term in office after an extraordinary four years that saw him become one of the most recognisable — and controversial — faces in Australia. Will he be able to pull it off?

While scientists have long conducted research in space, a new generation of above-Earth labs could be run remotely and even help humans venture to Mars.

Treasurer Jim Chalmers says of his first budget: “Inflation is the dragon we need to slay”. Chalmers’ worry about inflation was reinforced by Wednesday’s release of the September quarter CPI, which showed inflation at 7.3%.