The Latest Breaking News from Danielle Wood

Experts also suggest scrapping the stage-3 tax cuts, placing a price on carbon and removing fossil fuel subsidies

Asked to choose measures by efficiency, 40 per cent chose increased or new taxes on land, while 39 per cent chose more resource taxes.

Asked to find an extra A$20 billion per year to fund government priorities like building nuclear submarines and responding to climate change, Australia’s top economists overwhelmingly back land tax, increased resource taxes, an attack on negative gearing and extending the scope of the goods and services tax.

Everyday Australians are not alone in feeling the interest rate pinch, as the Victorian government sees its interest repayments expand.

A plan to acquire a fleet of nuclear subs has been unveiled, but experts said the eye-watering price tag will force tough budget debates.

Victoria's Labor premier is fighting for a third term in office after an extraordinary four years that saw him become one of the most recognisable — and controversial — faces in Australia. Will he be able to pull it off?

While scientists have long conducted research in space, a new generation of above-Earth labs could be run remotely and even help humans venture to Mars.

Treasurer Jim Chalmers says of his first budget: “Inflation is the dragon we need to slay”. Chalmers’ worry about inflation was reinforced by Wednesday’s release of the September quarter CPI, which showed inflation at 7.3%.

One-quarter of the federal government's advertising budget is going towards politicised messaging.

Government urged to stop the abuse of taxpayer funded advertising, which has led to $50 million a year in public money being spent.

Economists say the tax cuts are unaffordable and should be trimmed or changed, either now or in May