The Latest Breaking News from Federal Budget

Treasurer Jim Chalmers delivers this year's federal budget, with a focus on cost of living and health. Look back on Tuesday's updates.

While the federal government has already announced several measures ahead of the big moment on Tuesday night, the full details don't drop until then. Here's a quick guide to get you up to speed with what's happening and what to watch out for.

Tax cuts for high-income earners, build a bullet train, scrap the submarine program, raise jobseeker – you decide in this interactive feature

This blog is now closed.

The ASX finished lower ahead of tonight's federal budget and Commonwealth Bank's CEO has warned of tough times ahead, despite a better-than-expected quarterly profit.

As Australia’s housing crisis deepens, governments at all levels are being called on to help. The federal budget will be handed down today, and housing will be a key talking point.

Details of tens of millions of dollars in funding to improve safety in the embattled town, announced by the prime minister in February, will be revealed for the first time in the federal budget.

Are you actually locked up? Is it stressful? Do you have internet access? Amy Remeikis answers all your burning budget questions

The federal budget is predicted to dip into the black which, if it eventuates, will be the first time a surplus is recorded in 15 years.

Tuesday's federal budget will include changes to a key tax levied on gas exporters, aimed at bringing billions in additional revenue to the budget over the next few years. But some say it still falls too far short.

Australia's centre-left Labor government said on Monday it would include A$14.6 billion ($9.84 billion) over four years in the federal budget for cost of living relief for families and businesses, which it promised would not stoke inflation.