The Latest Breaking News from Federal Budget

President Joe Biden is ready to unveil his proposed federal budget, his opening offer in a high-stakes debate about federal finances

A security delegation from the federal government arrived in Erbil Sunday, while another one assigned by the regional government arrived in Baghdad to discuss outstanding issues. The regional government delegation seeks to discuss the most pressing issues, including the 2023 budget, the disputed share of the region, and other topics…

Indian finance minister Nirmala Sitharaman announced several new clean energy initiatives in her annual federal budget speech on Wednesday, saying “green growth” is a top priority for the country

President Joe Biden has signed a $1.7 trillion bill funding government operations through September 2023, the end of the federal budget year

The government spent $501 billion in November but collected just $252 billion in revenue, meaning that about 50 cents of every dollar spent were borrowed.

NSW agreed to let human rights inspectors visit its jails before going back on its decision, a federal budget estimates hearing revealed.

The cost of negative gearing is set to more than triple as interest rates rise and, with it, the capital gains tax discount is expected to cost the federal budget more than $20 billion a year within a decade.

Opponents of the card are calling for greater clarity from the Albanese government about what services will be made available to support the thousands of people transitioning off the program.

In this week’s federal budget the costs of the National Disability Insurance Scheme (NDIS) have been revised upwards, with average forecast growth of 14% a year over the next decade.