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The Latest Breaking News from Federal Budget

'More work to do' to make Australia competitive

Business groups have called for more productivity measures but warned federal budget spending boosts to tackle cost-of-living pressures could fuel inflation.

AAP

Federal budget 2024 – winners and losers summary

While everyone’s a winner with the energy rebate, which applies to every household, there are certainly some losers

The Guardian - AU

Federal budget ramps up Aukus with $2.6bn earmarked for submarine project in 2024-25

Defence says approved spending for Australia’s acquisition of subs so far totals $13.6bn

The Guardian - AU

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Federal budget 2024: $300 energy rebates, cheaper medicines and rent relief in Jim Chalmers’ cost-of-living budget

Treasurer takes gamble on pre-election cost-of-living package that is likely to spark debate about whether the government is doing enough to tame inflation

The Guardian - AU

Internet age limits and online harm targeted in budget

A pilot program to restrict teens' internet use and programs to tackle harmful online content will be funded in the federal budget.

AAP

Rural health still on life support after modest budget

Rural communities say healthcare is at the heart of prosperity in the bush as populations grow. But the federal budget includes very few new health measures.

AAP

Treasurer backs rebates for all in cost-of-living fight

Treasurer Jim Chalmers has defended the use of $300 energy rebates for all households in the federal budget, despite calls to means test the measure.

AAP

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Your wish list for the ACT from tonight's federal budget

Here's how readers ranked the projects requested by the ACT government.

The Canberra Times

Morrison's replacement takes up mantle in parliament

Liberal MP Simon Kennedy and Greens senator Steph Hodgins-May have officially been sworn in as parliamentarians against the backdrop of the federal budget.

AAP

Households to get energy bill relief, rent help goes up

Energy bill relief and more rent assistance will form part of a cost-of-living package in the federal budget to help Australians struggling to makes ends meet.

AAP

The ACT government's wishlist for the budget, tell us what you think

The federal budget will be handed down on Tuesday evening.

The Canberra Times

Digital IDs to be expanded in fraud crackdown

The federal budget will contain $288 million to boost the use of digital IDs over the next four years.

AAP

Australian shares finish flat as federal budget looms

The ASX200 finished basically unchanged on the eve of the federal budget and ahead of a readout on US inflation later in the week.

AAP

Government defends faster inflation fall than RBA

Inflation will be back within the Reserve Bank's target range a year earlier than the bank has predicted, based on government budget figures.

AAP

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AAP

Urgent care clinic funding a 'missed opportunity'

The peak body representing GPs says the federal budget's $8.5b health cash splash doesn't give enough support to doctors, chronic illnesses and mental health.

AAP

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.

The Guardian - AU

Chalmers signals inflation focus in budget – as it happened

This blog is now closed.

AAP

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.

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AAP

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.

The Canberra Times

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

Government also questioned on future of Canberra stadium.

AAP

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.

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