Federal Budget

Flight Centre downgrades FY guidance

Consumer confidence woes in wake of federal budget impacting travel market, says group.

Treasury experts in $290bn miss

Total of $290bn in downgrades seen to four-year budget estimates since 2010.

Cormann rules out GST change

by AAP
Finance Minister Mathias Cormann says government will not change GST in first term.

Settle in for Hockey's budget horror show

The fundamental problem with the Abbott Government's first budget is it just wasn't tough enough. And the 'do-nothing' approach will only make the situation worse.

Can our political system deliver a surplus?

The current political landscape means the only way back to a fiscal surplus is through a return to 'normal' terms of trade and nominal GDP conditions.

Credit rating unscathed by MYEFO

by AAP
S&P's AAA rating for Australia remains unchanged after blow out in budget forecasts.

Job gains need 3% growth: Hockey

Treasurer says good start made on budget repair amid global headwinds.

FY15 deficit to blow out to $40bn

Govt's MYEFO tips increased deficit in 2014-15 as declining tax revenue, iron ore price drop weighs.

East-West Link had $2.1bn shortfall

by AAP
Vic govt documents show a slew of new and increased tolls proposed to fill budget gap.

Sydney siege delays MYEFO

PM says ordinary government must continue, MYEFO set to be released this afternoon.

Budget offers shock absorber: Hockey

Govt's mid-year economic and fiscal outlook tipped to show $6bn blowout in deficit.

Budget blowout tops $100bn

Budget deficits set to hit $100bn over next four years, $40bn worse than May forecasts.

Economic update due Monday

The mid-year economic and fiscal outlook will be released on Monday

Budget surplus delayed beyond 2018

Planned return to budget surplus must be delayed beyond 2018: Treasurer Joe Hockey.

RBA's Stevens warns on triple-A rating

by AAP
Glenn Stevens says federal budget solutions need to be found within five years.

Iron ore dips, BHP says $US100 out of reach

Commodity barely holds above five-year low, govt tipped to revise forecasts to $US60 a tonne.

Senate leaves $8bn budget bill

Senate decisions will add almost $8bn to federal deficits over the next four years.

Govt wants doctors to pass on $5 cut

by AAP
The government wants doctors to pass on to patients its $5 cut in the Medicare rebate.

AMA supports protection of vulnerable

by AAP
AMA welcomes GP fee changes but is concerned over indexation freeze of rebates.

GP co-payment goes in Abbott overhaul

by AAP
The government has dropped its controversial Medicare co-payment policy.