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The Latest Breaking News from Josh Frydenberg

Alan Kohler: The real story of the budget is that Treasury got the pandemic wrong

The overriding fact of federal government finances in 2022, and everything about last night’s budget, is that Treasury got the pandemic entirely wrong.

The New Daily

Federal budget 2022: Little substance beyond vote-buying sugar hits

From the lead-up to budget day, the government’s rhetoric was shot through with contradictions and cheques it simply could not cash.

The New Daily

Budget 2022 as it happened: Josh Frydenberg addresses National Press Club to sell election budget

With an election looming, Treasurer Josh Frydenberg uses his address at the National Press Club to convince Australians his government's budget is the way forward for the country.

ABC News

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The budget gives an insight on how Ukraine war and global uncertainty might affect Australia. This is what we learnt

If the last two budgets were delivered under the spectre of COVID, this year’s budget has a different bogeyman: the outbreak of war in Europe and growing unrest in the Asia-Pacific region.

ABC News

Fuel tax cut to ease inflation: Treasurer

Treasury estimates the cut in fuel excise announced in the budget will ease inflation by 0.25 per cent, Josh Frydenberg has told the National Press Club.

AAP

Budget a measure for tough times: Morrison

The prime minister says the budget is about more than getting re-elected after Treasurer Josh Frydenberg unveiled a number of short-term sweeteners.

AAP

When will petrol prices actually get cheaper? What's the fuel excise? Here's what to expect on prices at the bowser

The fuel excise will be cut in half by Wednesday morning but your local petrol station is not likely to pass on the cut for a while. Here's what we know about the cuts to fuel prices.

ABC News

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Cash Bonuses & Cheaper Petrol: 7 Big Takeaways From The Federal Budget

All this money getting thrown around and Scotty still won't slip me a cool $1 million.

Pedestrian.tv

How it started and how it’s going: Australia’s 2022 budget suggests black will never be back

Analysis: The deficit comes in at $79.8bn – better than the $106.6bn Josh Frydenberg forecast last year but a leap away from the $17.8bn surplus he predicted in 2019

The Guardian - AU

Budget reveals flood recovery spend to top $6bn in four years after NSW and Queensland disasters

Coalition to again spend maximum $150m allocation from Emergency Response Fund to ‘fast track’ recovery and resilience

The Guardian - AU

Josh Frydenberg’s budget is an extraordinary turnaround – but leaves a $40 billion problem

It’s often said in business circles that good companies manage their balance sheet, and bad companies manage their P&L (profit and loss account). That same aphorism applies to governments.

The Conversation

Health budget tops $132bn as Treasury says new Covid wave likely to hit this winter

Josh Frydenberg stresses commitment to Medicare and trumpets funding for Trodelvy – a drug used to treat rare form of breast cancer

The Guardian - AU

View from The Hill: if money talks, the government has the megaphone out

When Josh Frydenberg says his key cost-of-living budget measures are “temporary” and “targeted”, he’s precisely right, though the reasons are more opportunistic than he’d spruik publicly.

The Conversation

Petrol and tax cuts: budget showers voters with $8.6bn in one-off payments and sweeteners

Welfare recipients and seniors will receive a one-time $250 payment, the low and middle income offset will be boosted by $420, while the fuel excise will be halved for six months

The Guardian - AU

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The Conversation

Budget 2022: Frydenberg has spent big – but on the whole, responsibly

So good, and so unexpected, has been Australia’s economic improvement over the past three months, it has wiped one-third of the projected 2022-23 budget deficit. Or it would have, had the government not decided to give away almost half (45%) the windfall.

The Guardian - AU

Small businesses offered bonus tax deductions on technology and training in federal budget

Josh Frydenberg says the Technology Investment Boost will help companies embrace digital revolution

The New Daily

Billions in tax breaks for middle-class workers in Treasurer’s election budget pitch

Josh Frydenberg promises billions on middle-class welfare in a pre-election budget framed to offer voters a share in Australia's post-pandemic recovery.

The Guardian - AU

Redspice: budget ushers in Australia’s ‘biggest ever’ cybersecurity spend

Pledge of $10bn will see electronic spy agency double and ramp up ability to launch offensive cyber operations

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The New Daily

Federal budget 2022: Here are this year’s winners and losers

Treasurer Josh Frydenberg has delivered a big-spending budget just weeks before the federal election. The New Daily breaks down its winners and losers.

The Guardian - AU

At this gravest of times the Coalition has served up an election budget designed simply to keep itself in power

If we move from Josh Frydenberg’s rhetoric to content, we discover this isn’t a serious plan for the future. This is a plan for the next few months

The New Daily

Federal budget 2022: Here’s what’s in it for you

Treasurer Josh Frydenberg has handed down a budget he says will deliver “targeted and responsible” relief to those affected by the rising cost of living.

The Guardian - AU

Federal budget 2022: Josh Frydenberg promises cash splash for households with billions on offer

Extra tax cut for 10 million low and middle income workers worth up to $420 – while fuel excise will be slashed for next six months

The Conversation

Cheaper petrol, cash handouts in Morrison government's vote-buying budget

The Morrison government’s election budget halves petrol excise for six months and gives handouts to taxpayers, pensioners and welfare recipients in a cash splash aimed at clawing back votes.

AAP

Flood recovery to exceed $6 billion

Disaster support for flood-affected communities is likely to exceed $6 billion, with $1.29 billion paid out to individuals, according to the treasurer.

Reuters

Australian Treasurer woos voters with relief for rising costs

- Australia's centre-right government pledged billions in fuel tax cuts, cash give-aways and public works spending on Tuesday as it looks to claw back voter support ahead of what is tipped to be a tough election in May amid a surge in living costs.

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