3 result(s) for “Federal Budget”
Finance Minister Katy Gallagher told ABC Insiders on November 1, 2026 that the government cannot yet guarantee its December mid year budget update will produce net savings, as high inflation, rising debt servicing costs and a likely Reserve Bank rate rise squeeze Canberra's options.
Major Australian business groups and universities on October 7, 2026 expressed sharp concern about the Coalition’s newly announced plan to sharply reduce net overseas migration, saying it risks labour shortages, weaker economic growth and damage to sectors that rely on international students and skilled migrants.
Treasurer Jim Chalmers told business audiences on October 4 that global shocks, rising bond yields and higher fuel costs are imposing ‘‘very substantial and intensifying’’ pressure on Australia’s budget, and he signalled a savings package to be announced in the government’s mid year economic and fiscal update.