The Latest Breaking News from Federal Budget

According to Bloomberg analysis, estimated annualized interest payments on U.S. government debt climbed past $1 trillion at the end of October. That amount has doubled in the past 19 months and is equivalent to 15.9% of the entire Federal budget for fiscal year 2022. The increasing debt load may pressure...

It's not the first time that has happened, but there are key differences about what happened this year.

The federal budget gave a much-needed, but very modest, increase to those on JobSeeker and associated payments. However, it didn’t address that other important issue of the unemployed: how to help as many JobSeekers as possible to get into work, whether full- or part-time.

Power bills in at least three states will rise by more than double the amount estimated in the federal budget.

This week, the Australian Space Summit is celebrating some of our nation’s strengths and achievements in the space sector. But it’s taking place under the shadow of significant cuts to space technology investment announced in last week’s federal budget.

Consumers remain down in the dumps after the 2023/24 federal budget failed to meet the expectations of those under financial stress.

Last week’s federal budget included a A$732.9 million investment to get the National Disability Insurance Scheme (NDIS) “back on track”. In the next four years, there are also plans for a $15.3 billion reduction in NDIS costs.

The 2023 federal budget contained a plethora of new spending aimed at improving workforce shortages across the nation.

Toowoomba's Petrina Haworth is finding it impossible secure a new rental home for herself and her 25-year-old daughter, who requires care, to the point she has filled a notebook with her list of rental inspections.