Treasurer

A budget surplus is when the government makes more money than it spends in a year. A budget deficit is when it spends more money than it makes.

A budget surplus means that over the last financial year, the Government made more money than it spent.

The Greens are calling on Treasurer Jim Chalmers to lower interest rates, a move that’s never been done, but could the Treasurer do it?

JobSeeker, Rent Assistance, and aged pension are among payment increases that come into effect today, broadly in line with indexation rates.

The Coalition will support Labor’s changes to the stage 3 tax cuts, allowing the re-worked tax relief to pass through Parliament.

Prime Minister Anthony Albanese has confirmed planned stage 3 tax cuts will take effect from July after months of pressure.

Australia’s life expectancy will continue to rise in the future, though fewer children are expected to be born come 2063.

Cheques will be phased out by the Federal Government, who say the payment method is too slow and expensive. Here’s their plan.