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The Latest Breaking News from Federal Budget

Will your energy bills ever come down? Only if Labor gets serious with the gas majors

Over the next two years, energy prices are expected to rise by a whopping 56%. That’s the dismal forecast in this week’s federal budget.

The Conversation

The government hopes private investors will help save nature. Here's how its scheme could fail

This week’s federal budget reiterated the government’s plan to establish a new scheme for encouraging private investment in conservation, called a biodiversity market (now, rebranded to a “nature repair” market).

The Conversation

Budget and energy agencies differ on coal

TUESDAY'S federal budget was framed on commodity price assumptions that included a fall in thermal coal from $US438 a tonne to just $US60 a tonne by July this year.

Newcastle Herald

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Indigenous voice budget funding welcomed

Financial commitments in the federal budget show the government is serious about Indigenous issues, a law academic who helped design the Uluru Statement says.

AAP

Budget restraint? When it comes to transport projects, it's hard to find

“Restraint” – that’s what Treasurer Jim Chalmers claimed as the watchword of Tuesday’s federal budget. Perhaps the claim can be made in general, but when it comes to transport infrastructure, the budget is remarkable not for how different it is to budgets past, but how similar. It has left plenty…

The Conversation

This was supposed to be a 'wellbeing budget' – so why does it feel like the arts have been overlooked?

The first Labor federal budget has come down, but the arts are almost nowhere to be seen.

The Conversation

Regional communities 'neglected' in budget

The government has been accused of neglecting funding for regional Australia in the federal budget, but the minister in charge insists it is a focus.

AAP

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Business leaders welcome Hunter's budget 'success'

Newcastle Airport says it is "thrilled" to have funding for its new terminal building confirmed in Tuesday's federal budget, and the Hunter's peak business group has welcomed commitments to other large infrastructure projects.

Newcastle Herald

Anthony Albanese flags NDIS spending crackdown as federal budget forecasts cost blowout

There are growing concerns about the sustainability of a central Labor policy following new budget projections showing the extent of National Disability Insurance Scheme cost blowouts.

ABC News

Medibank's market value drops $1.6b in one week, Reserve Bank tipped to lift rates even further as inflation hits 32-year high

Medibank's hacking debacle results in the company's market value plunging by $1.6 billion, ANZ is fined $25 million for misleading customers, while the local share market rises for its third straight day as Australian inflation hits a 32-year high.

ABC News

Middle Arm industrial precinct, remote homelands and Aboriginal art gallery funding confirmed for NT in federal budget

Funding for a billion-dollar industrial hub on Darwin Harbour and a national Aboriginal art gallery in Alice Springs are among the big-ticket items confirmed for the Northern Territory in Tuesday's federal budget.

ABC News

Budget 'fleeced' NSW again: Perrottet

Dominic Perrottet says NSW has been stiffed of infrastructure funding after money was taken away from several projects.

AAP

Budget 2022: Treasurer details budget in Press Club speech, after yearly inflation hits highest point since 1990 — as it happened

The government warns of tough times ahead for families after delivering its first budget, with Treasurer Jim Chalmers saying inflation "will get worse before it gets better."

ABC News

What's in the federal budget for me? Here's a quick guide

Labor's first budget in almost a decade has been handed down — here's what you need to know about what's in it for you.

ABC News

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ABC News

Jim Chalmers just handed down his first federal budget, but did he get his facts straight?

Did the Treasurer get his facts straight in Labor's first budget speech in a decade? RMIT ABC Fact Check investigates.

Pedestrian.tv

Labor’s Dropped Its First Federal Budget In A Decade So Here Are 6 Takeaways For Young Aussies

Labor's flagged the budget as "responsible" - but it's still going ahead with those tax cuts.

The Canberra Times

Wrestling with costs and shortages, businesses look to federal budget for answers

Businesses are hopeful commitments to reduce childcare costs will encourage more women to return to the workforce.

The Guardian - AU

Six graphs that explain the 2022 federal budget: rosy views mugged by reality

Australian treasurer Jim Chalmers’ main economic message is enjoy today because tomorrow is going to be tough

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The Guardian - AU

ABC given $83.7m to reverse Coalition’s funding cuts but little help for arts in 2022 budget

Australian federal budget provides $500,000 for feasibility study into the expansion of Double J to FM frequencies

The Guardian - AU

Federal budget 2022 summary – winners and losers: who will benefit and who was left behind?

The governor general, Bob Katter, jobseekers, seniors and Double J listeners – everyone has a stake in the federal budget, but some have done better than others

The Guardian - AU

Federal budget 2022: Jim Chalmers heralds budget of ‘restraint’ while warning of risks ahead for households

Treasurer flags need for tax reform to put economy on more sustainable path and further intervention in energy sector amid soaring prices

AAP

Money locked in for Indigenous voice vote

More than $75 million is being set aside in the federal budget to prepare for a national referendum on a proposed Indigenous voice to parliament.

AAP

Big cash injection for disability services

The federal budget includes an extra $8.8 billion for the National Disability Insurance Scheme, with extra frontline staff to be rolled out.

AAP

Billions set aside for aged care reforms

The government will spend billions in the federal budget overhauling the aged care sector, while COVID-19 response measures are also being extended.

ABC News

Budget 2022: Chalmers promises five-point plan for cost of living relief — as it happened

Labor has delivered the second federal budget of the year, announcing a plan for cost of living, wages and housing.

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