South Australia is projecting four years of budget surpluses but a sharp rise in public sector debt in its 2025-26 State Budget presented on June 5.
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Deputy Prime Minister Richard Marles says Australia will “continue to have the conversation” with the United States on calls for US allies to lift defence spending.
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Victoria’s Allan Labor Government is projecting a turnaround in the state’s budget bottom line, forecasting a slim budget surplus but higher debt levels in 2025-26.
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Prime Minister Anthony Albanese has met with the head of the European Union (EU) in a bid to accelerate progress on a free trade agreement between Australia and the EU.
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Foreign investment in Australia rose by seven per cent to almost $5 billion in 2024, led again by United States investors, according to latest figures.
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Prime Minister Anthony Albanese has led Labor to a crushing victory over the Coalition, recording his party’s biggest election victory since 1943.
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Coalition Leader Peter Dutton has released his election defence policy, promising that a Liberal-National government would invest more than $21 billion to take Defence spending as a share of gross domestic product (GDP) to 2.5 per cent within five years.
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Australia’s defence industry contributed almost $12 billion (by gross value added, or GVA) to the national economy in 2023-24, according to latest official figures.
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Labor and the Coalition have put housing affordability at the heart of their official campaign launches, both held on April 13.
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US President Donald Trump has kept his vow to introduce wide-ranging tariffs on imports into the United States, with Australian exports to the US to be slugged with a 10 per cent tariff.
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Australia’s 18 million voters will go to the polls on May 3, with sitting Labor Prime Minister Anthony Albanese seeking to become the first PM since 2004 to win successive elections.
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After two successive years of budget surpluses, Federal Treasurer Jim Chalmers has delivered a pre-election Budget that forecasts a string of deficits in the years ahead.
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Victoria is the major winner from the projected carve-up of revenue collected from the Goods and Services Tax (GST) in 2025-26.
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Deputy Prime Minister Richard Marles has sidestepped US demands that Australia raise its level of defence spending by up to $50 billion.
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Federal Treasury Head Dr Steven Kennedy has warned of the economic damage to Australia that would be caused by the extended imposition of tariffs.
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If Anthony Albanese wants to find positive omens for his re-election bid, he might want to avert his eyes from the history of first-term governments in Australia.
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Australia’s leading security official has warned that the nation’s defence is facing escalated threats from espionage, foreign interference and potential sabotage as the AUKUS project develops.
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President Donald Trump has made good on his threat to impose a 25 per cent tariff on steel and aluminium imported into the US.
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New US Defense Secretary Pete Hegseth has affirmed the support of the Trump Administration for the AUKUS defence partnership, during talks in Washington DC with his Australian counterpart Richard Marles.
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Voters in Western Australia will go to the polls on March 8, with Premier Roger Cook seeking a third term for his Labor government.
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