Budget 2025 live updates: Chalmers defends not raising jobseeker in federal budget; Australia politics news and federal budget reaction
Treasurer explained the decision by saying jobseeker is indexed, while taxes are not. Follow today’s news liveSee all our Australia budget 2025 coverageBudget 2025 winners and losersGet our breaking news email, free app or daily news podcastPM says budget strengthens Australia in face of global turbulenceAsked whether there’s enough reserve in the budget to weather another global economic storm – for example, if the US tariffs wreak havoc in global markets – Albanese reiterates the point that Labor has set up the budget to reduce deficits and improve the bottom line.What we’ll always do is stand up for Australia’s national interest. That is what we will do. That’s what we’ve done in advocating for Australia’s national interest…We’re making sure as well that we set Australia up by not being reliant on any one country, by diversifying our trade relationships and by improving those relationships in our region and around the world.Well, we intervened in the [energy] market. One of the things that we did before the last election was, of course, to say that renewables were the cheapest form of new energy … Angus Taylor introduced a special provision in the parliament to hide the fact that there was a 20% increase in prices due just after the election. Continue reading...
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Treasurer explained the decision by saying jobseeker is indexed, while taxes are not. Follow today’s news live
- See all our Australia budget 2025 coverage
- Budget 2025 winners and losers
- Get our breaking news email, free app or daily news podcast
PM says budget strengthens Australia in face of global turbulence
Asked whether there’s enough reserve in the budget to weather another global economic storm – for example, if the US tariffs wreak havoc in global markets – Albanese reiterates the point that Labor has set up the budget to reduce deficits and improve the bottom line.
What we’ll always do is stand up for Australia’s national interest. That is what we will do. That’s what we’ve done in advocating for Australia’s national interest…
We’re making sure as well that we set Australia up by not being reliant on any one country, by diversifying our trade relationships and by improving those relationships in our region and around the world.
Well, we intervened in the [energy] market. One of the things that we did before the last election was, of course, to say that renewables were the cheapest form of new energy … Angus Taylor introduced a special provision in the parliament to hide the fact that there was a 20% increase in prices due just after the election. Continue reading...
