budget

Saturday, September 19

Terrible budget numbers are a best-case scenario

The pandemic has blown a massive, lasting hole in Australia’s finances – but the numbers could get worse. Peter Martin explains.

Treasurer reveals pandemic's deep economic impact

Treasurer Josh Frydenberg has unveiled a horror economic forecast for the June quarter, in the wake of coronavirus restrictions crippling businesses nationwide and throwing hundreds of thousands of workers out of their jobs.

Prime Minister Scott Morrison. Photo: Mick Tsikas / AAP

Politician pay cut call not helpful: Morrison

The Morrison government has rejected calls for politicians and public servants to take a pay cut as the country deals with the economic fallout of coronavirus.

Bushfires put cloud over budget surplus

Federal treasurer Josh Frydenberg is unsure if the government will deliver a budget surplus, as the nation counts the cost of the bushfire crisis.

We can't afford $1 million for Olympics coverage: ABC

The ABC has said its budget is simply too tight to afford the $1 million needed to broadcast the 2020 Tokyo Olympics live on radio.

Labor cops spray over SA Water hikes

An independent inquiry into water pricing in South Australia has found the former Labor state government over-valued SA Water assets by at least $520 million, driving up household and business water bills in order to increase government revenue.

Two big political problems buried in budget update

Treasurer Scott Morrison’s mid-year budget update includes two big political headaches for the Turnbull Government, writes John Edwards.