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The Latest Breaking News from Federal Budget

Wages, jobs updates to come with budget week

As well as a federal budget, Australia will get its quarterly check-up on worker wages, business surveys and monthly jobs figures.

AAP

Chalmers signals inflation focus in budget – as it happened

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The Guardian - AU

Cost of living, net-zero industries focus of May budget

The third federal budget under the Albanese government will be handed down on Tuesday and a number of measures have already been unveiled.

AAP

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read the most diverse news in one place.

Treasurer worried about home building pipeline

Not nearly enough houses are being built to meet growing demand but the federal government is still confident it can meet its 1.2 million homes target.

AAP

More tradies to be trained as housing targets loom

As Australia struggles through a housing shortage driven by workforce issues, the government has committed $90 million to training future construction tradies.

AAP

High steaks: PM launches drought fund at Beef Week

More than half a billion dollars will be allocated for projects helping farmers prepare for drought and to boost their capacity to adapt to climate change.

AAP

Federal budget to include new funding for stage 2B of light rail

Government also questioned on future of Canberra stadium.

The Canberra Times

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Anti-money laundering, terrorism get budget boost

More than $166 million in the federal budget will expand money laundering rules so lawyers, real estate agents and other professions have to report.

AAP

Tax revenue surge as treasurer tempers expectations

Labor won't receive as much tax revenue compared with previous years, but a surplus still remains within reach for the federal budget.

AAP

Finding savings in budget getting 'harder': Labor

The upcoming federal budget may contain more government spending than economists would like as they warn not to place more pressure on inflation.

AAP

Treasurer faces 'hard truths' in global industrial race

The federal budget provides the "perfect lever to pull" for Australia to win back jobs and investment in the global race to secure clean energy supply chains.

AAP

More cost of living relief on cards in federal budget

Ahead of the May federal budget, Treasurer Jim Chalmers has flagged more cost of living relief that will need to take pressure off inflation, not add to it.

AAP

Canada Imposes Higher Taxes On Wealthiest Citizens In Budget

Canada's new federal budget introduces higher taxes for the wealthiest to address economic disparities and promote fiscal responsibility.

Top News

Canada's Budget To Address Housing Crisis With Billions

Canada's federal budget allocates funds to address housing crisis, focusing on affordability and availability. Government aims to provide secure and afford...

Space

NASA gets $25.4 billion in White House's 2025 budget request

President Biden's 2025 federal budget request allocates $25.4 billion to NASA, a minimal increase over what Congress just allocated for 2024.

AAP

Businesses to save as government scraps tariffs

Hundreds of nuisance tariffs on everyday items like tools, clothing, dishwashers and more will be scrapped in a move that will save businesses millions.

Al Jazeera

US Senate passes $460bn spending bill to avert government shutdown

Vote is a major step towards finalising the 2024 federal budget after months of deadlock in the divided Congress.

International Business Times

US Lawmakers To Avert Shutdown With Vote On Eve Of Major Biden Speech

US lawmakers were set to vote Wednesday to end a long-running row over the federal budget with a giant bill to fund several major federal agencies through the fall, averting a partial shutdown due to start at the weekend.

AAP

Doctors, nurses make emergency call on federal budget

More than 40 health groups have called on the government to make climate and health funding a priority after services were challenged by extreme weather.

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