The Latest Breaking News from Deficit

The first months of Donald Trump’s presidency have been defined by a single word: tariffs. He has framed tariffs as a panacea to the woes of the American economy, promising they will restore the country’s manufacturing sector and reduce the national deficit.

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Young income earners will be increasingly called upon to fund rising public spending unless structural tax reforms are made in the next term of government.

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These are pure Labor tax cuts – just what the ALP should be all about – but why are we still letting gas companies get off scot-free?

Higher-than-expected revenue has put the economy in a stronger position than last year and is helping fund pre-election policies including tax cuts

Australia's federal budget is forecast to eclipse $1 trillion in debt for the first time in 2025/26, as global challenges threaten the nation's coffers.

The cost of living will be centre stage in the government's budget as many continue to do it tough, but a cabinet minister says there is reason to have hope.

There will be energy bill relief and a cap on the price of medicines at the treasurer’s big reveal on Tuesday, but Australia is heading back into deficit