Federal Budget

Australia shouldn't fret about losing its AAA rating

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There are plenty of good reasons why Australia should bolster its budget position, but fear of a credit rating downgrade is not one of them.

Govt could face $170bn budget hit

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Deficits over the next decade will soar if growth ­remains stuck at its current level.

Businesses showing confidence to borrow

by AAP
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Businesses are more inclined to borrow money in wake of May federal budget, Q2 data show.

Price slump delivers $7bn royalties hit

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Plunging commodity prices force the states to slash their royalty forecasts by a further $7bn.

Budget hostage to China's fortunes: Richardson

by AAP
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Chris Richardson warns any stumble in China would destroy hopes for a surplus this decade.

QLD forecasts $1.2bn budget surplus

by AAP
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Queensland is forecast to achieve its biggest operating surplus in nearly a decade.

Aust on track for decade of deficits

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Grattan Institute says budget reality will prove worse than current govt projections.

Big pharma's $85m tax on $8bn revenue

by AAP
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Global pharmaceutical companies paid $85m tax in Australia on revenues over $8bn.

Business class warfare alive: Strong

by AAP
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Council of Small Business of Australia boss says penalty rates are ridiculously high.

Never touching taxes on super: Abbott

by AAP
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Prime Minister Tony Abbott has ruled out ever increasing taxes on superannuation.

Businesses to write-off assets

by AAP
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Two out of three small businesses plan to take advantage of govt's $20,000 tax deduction.

Govt eyes Social Impact Bonds

by AAP
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Federal govt wants to explore using social impact bonds to improve welfare outcomes.

Hockey 'flying blind' on negative gearing

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Treasurer Joe Hockey is “flying blind” on the topic of negative gearing, Labor MP says.

Budget deficit smaller than thought

by AAP
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Federal budget deficit nearly $3 billion smaller than predicted, government figures show.

Anxiety rises despite friendly budget

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NAB's anxiety index increases, as job security fears offset easing concerns over government.

Govt stands by growth, budget forecasts

by AAP
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Cormann says Abbott govt won't revise its forecasts lower despite IMF warning.

Fuel excise bill passes parliament

by AAP
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Fuel excise will be indexed twice-yearly to inflation after legislation clears parliament.

Fuel excise bill passes lower house

by AAP
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Bill restoring indexation of fuel excise clears house with Labor's support.

Budget sparks SME spending spree

by AAP
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Joe Hockey's small business tax cuts driving growth in SME spending: Commonwealth Bank.

Labor to support fuel excise hike

by AAP
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Labor backs down in fight against government's $3 billion fuel excise increase.

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