The Latest Breaking News from Federal Budget

“Restraint” – that’s what Treasurer Jim Chalmers claimed as the watchword of Tuesday’s federal budget. Perhaps the claim can be made in general, but when it comes to transport infrastructure, the budget is remarkable not for how different it is to budgets past, but how similar. It has left plenty…

The first Labor federal budget has come down, but the arts are almost nowhere to be seen.

The government has been accused of neglecting funding for regional Australia in the federal budget, but the minister in charge insists it is a focus.

Newcastle Airport says it is "thrilled" to have funding for its new terminal building confirmed in Tuesday's federal budget, and the Hunter's peak business group has welcomed commitments to other large infrastructure projects.

There are growing concerns about the sustainability of a central Labor policy following new budget projections showing the extent of National Disability Insurance Scheme cost blowouts.

Medibank's hacking debacle results in the company's market value plunging by $1.6 billion, ANZ is fined $25 million for misleading customers, while the local share market rises for its third straight day as Australian inflation hits a 32-year high.

Funding for a billion-dollar industrial hub on Darwin Harbour and a national Aboriginal art gallery in Alice Springs are among the big-ticket items confirmed for the Northern Territory in Tuesday's federal budget.

Dominic Perrottet says NSW has been stiffed of infrastructure funding after money was taken away from several projects.

The government warns of tough times ahead for families after delivering its first budget, with Treasurer Jim Chalmers saying inflation "will get worse before it gets better."

Labor's first budget in almost a decade has been handed down — here's what you need to know about what's in it for you.

Did the Treasurer get his facts straight in Labor's first budget speech in a decade? RMIT ABC Fact Check investigates.