Typically, a budget surplus in Australia is a political victory for the government as it indicates strong economic oversight — even if driven by external forces such as higher commodity prices.

SYDNEY: Australia’s budget surplus for 2022 and 2023 will be bigger than the A$4.2bil (US$2.81bil or RM13bil) projected in the May budget but high inflation and global challenges will ...

In the current Australian election, the practice of deception centres on trying to cover up the global economic ...

The Australian economy will be “strangled” as Aussies pay off a decade of deficits, a leading economist warned in a blistering spray on large government spending, where he likened the looming impact ...

Strong jobs growth and robust commodity export prices have put the federal budget on track to record a deficit about half the ...

Taylor warned the Australian economy doesn’t “have the shock absorbers” of the past to cope with any tariff fallout, referring to a budget close to balance or in surplus. “That’s a very ...

Prime Minister Anthony Albanese has continued his election campaign in Batemans Bay, stating his government has had to ...

The Australian trade surplus in February 2025 drastically undershot market predictions, settling at AUD 2.97 billion, well below the anticipated AUD 5.6 billion. This represents the smallest ...

Three-quarters of Australia’s foreign assistance budget is flowing to the Indo-Pacific, showing a commitment to remaining a reliable partner as USAID cuts bite.

The falling commodity prices will help lead the Australian budget back into the red over at least the next four years. The budget forecast the deficit to lift to $42.1bn in 2025-2026, before dropping ...

The longer run projections show a very gradual return to balance. But this assumes no recession and no further income tax cuts, for a decade. It might be better to rebuild the fiscal position more ...

Here are seven key budget charts that shed light on the nation’s finances, the economic outlook and what lies ahead.