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Federal budget

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Builders, baristas and beef farmers share in JobKeeper billions

Builders, baristas and beef farmers share in JobKeeper billions

Tax Office data shows how $88 billion in JobKeeper flowed through COVID, with restaurant operators, construction firms and livestock producers getting help.

  • by Shane Wright

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Average income in Australia’s highest-earning postcode cracks $300,000

Average income in Australia’s highest-earning postcode cracks $300,000

New figures show that during the deepest recession since the 1930s, average incomes in one beachside postcode reached a nation-high of $325,000.

  • by Shane Wright
Julia Gillard committed a terrible wrong. It’s time for Albanese to right it
Opinion
Welfare

Julia Gillard committed a terrible wrong. It’s time for Albanese to right it

On the day former prime minister Julia Gillard delivered her misogyny speech, the Senate passed a bill that consigned single-parent families to greater struggle and further entrenched intergenerational poverty.

  • by Chris Wallace
Dutton readies for fight to keep $2.9b fuel excise cut going

Dutton readies for fight to keep $2.9b fuel excise cut going

The excise gut introduced by then-treasurer Josh Frydenberg runs out on September 28, but Coalition MPs say they could support an extension.

  • by David Crowe
Chalmers should drop the sob story and outline his policies
Editorial
Opinion

Chalmers should drop the sob story and outline his policies

Thursday’s economic statement was unnecessarily bleak and gives no indication where the government is heading.

  • The Herald's View
Why Australia needs its own ‘state of the union’ address

Why Australia needs its own ‘state of the union’ address

Australia would benefit from an annual parliamentary showpiece in which the prime minister of the day articulates a national narrative.

  • by Nick Bryant
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Greens’ Bandt demands block on funding for coal and gas, flags budget fight

Greens’ Bandt demands block on funding for coal and gas, flags budget fight

Greens leader Adam Bandt wants a block on federal funding for coal and gas projects and has flagged the party could attempt to amend the first Labor budget.

  • by James Massola
Foreign investors slugged in first step towards Labor budget repair

Foreign investors slugged in first step towards Labor budget repair

Fees paid by foreign investors to buy property, farms and businesses will double as part of the federal government’s budget repair plan.

  • by Shane Wright
Real wages to take larger hit as inflation pressures grow: Chalmers

Real wages to take larger hit as inflation pressures grow: Chalmers

Treasurer Jim Chalmers’ update on the state of the economy next week will show an even larger than expected to hit to real wages.

  • by Shane Wright
Rising interest rates to cost taxpayers an extra $13 billion

Rising interest rates to cost taxpayers an extra $13 billion

The budget bottom line is facing the same hit from higher interest rates as the household budgets of ordinary mortgage payers, the treasurer says.

  • by Shane Wright
Fix the budget and push up rates: IMF presses for inflation control

Fix the budget and push up rates: IMF presses for inflation control

The IMF is warning G20 treasurers to tighten their budgets and central banks to push up interest rates to prevent high inflation from becoming entrenched.

  • by Shane Wright