The Latest Breaking News from Federal Budget

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.

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.

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).

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.

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

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

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.