Federal Budget

Super concession to stay: Cormann

by AAP
Finance minister says any superannuation tax concession changes would be taken to election.

ACOSS calls for fairer budget

by AAP
Council of Social Service urges changes to negative gearing, super concessions and private health rebate.

Abbott is yet to show he's up to the job

There is no credible, rational explanation for the decision to grant a knighthood to Prince Philip. The Prime Minister has somehow managed to start 2015 in a worse state than he ended 2014.

The battle for the discretionary dollar

As salaries stall and retailers scrap it out for a share of the consumer dollar, Asian investment in Australian real estate appears to be our only source of optimism.

The inequality lesson has been lost on Australia

The world is slowly waking up to the problem of inequality but our policymakers have yet to take any notice.

Rio Tinto warns on govt finances

Rio Tinto Australia chief warns of ‘slowly rotting platform’ of federal govt’s revenues: report.

LNG price crash hits budgets

Plunging prices for liquid natural gas have stripped over $2bn from tax and royalty forecasts.

Budget savings fight reignited

A $14bn surge in govt spending raises budget fears, but new savings seen unlikely.

The big issues facing the economy in 2015

Expect debates about the property market, the federal budget, commodity prices and the exchange rate to dominate the economic agenda in 2015.

Overseas GST exemption unfair: MP

by AAP
GST on online overseas sales appears likely, as Frydenberg criticises exemption.

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.