The Latest Breaking News from Jim Chalmers

Headlines stoked fears of ‘stimulatory’ measures but you only need to look at the big banks and markets to see the reception was calm

A millionaire property investor has sparked a storm after stopping traffic to crane a $2 million sports car into his $39 million penthouse.

Peter Dutton is set to deliver the coalition's budget reply in the House of Representatives, revealing what aspects of Labor's plan he will support and reject.

Treasurer Jim Chalmers used his budget speech this week to spruik the government's credentials and programs. But did he keep his facts straight?

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Inflation, as Prime Minister Anthony Albanese has said, is “a tax on the poor”.

There’s some interesting stuff, some good things, some “spinning”, and there are certainly things to be disappointed about in the budget.

There’s a glorious irony that a surplus, after so many deficits, attracted such little attention

Will the budget make inflation worse? Are its boosts to welfare payments just the first step for the Labor government? Could the projected one-off surplus be followed by another one or more? What (if any) of the budget measures will the Coalition oppose? There’s quite a bit about this budget…

Angus Taylor repeats claims budget may have increased chances Reserve Bank will further increase interest rates

Labor’s budget criticised as Coalition and Greens say there is not enough cost-of-living help