The big four banks will be hit with a new bank levy.
Countries that have similar banking levies have seen them passed on to customers.
The federal government receives more revenue than the states so it divvies it up between them, but with conditions.
The reason for the constant struggle for funding between the states and federal government relates back to the constitution.
Not much science will get done without the money to fund people and equipment.
What are research dollars actually spent on? Rather than looking at artifacts like publications and patents, a new initiative directly tracks the people and businesses that receive research funding.
Trump’s budget director, left, says White House spending priorities are straight out of the president’s mouth.
Trump is proposing a budget with little substance and filled with politically toxic spending cuts, making it very unlikely to go anywhere, even in a Republican Congress.
What happens when funding isn’t just eroded, but is wiped away?
'Erosion' via www.shutterstock.com
The National Endowment for the Arts is on the chopping block...again. But this time, the ideological justifications don't pass muster.
Modern monetary theorists aren’t concerned with budget repair.
Modern monetary theory is gaining traction in a global economic environment that defies the efforts of policymakers to restore growth.
Scandals, elections, budgets, 2016 had it all. Here's what made news in business and economics.
Who’s doing it tougher?
Beyond debates about the avocado smash generation lies some misnomers on which generation had it better.
David Leyonhjelm negotiated for the numbers in the budget to be reported in per capita terms.
The government has agreed to report some budget numbers on a per capita basis. But there's a lot more to do in how we talk about numbers.
NASA Earth Science Division operating missions, including systems managed by NOAA and USGS.
NASA Earth Observing System
President Trump's 2018 budget request cuts funding for NASA Earth observation research and cancels four missions. Weather forecasters, businesses, scientists and the armed forces rely on this data.
Malcolm Turnbull and Bill Shorten have reached a compromise on the Renewable Energy Agency: it will see survive, but with reduced funding.
AAP Image/Lukas Coch
The Australian Renewable Energy Agency is saved - albeit with less money.
Malcolm Turnbull sets about the business of his returned government with the Secretary of Prime Minister and Cabinet, Martin Parkinson.
With nearly 25 years of uninterrupted economic growth at risk of coming to an end, the new government must make budget repair a priority.
Viewing wildlife in Yellowstone National Park, Wyoming.
National Park Service/Flickr
A study estimates that Americans would pay $92 billion yearly in extra taxes to protect national parks. But the Trump Administration's budget calls for cuts.
Scott Morrison and Mathias Cormann launched an assault on Labor’s spending promises.
Consider this statement from Treasurer Scott Morrison about the alleged financial “black hole” in Labor’s program. “The worst case scenario is $67 billion. Best case scenario is a $32 billion black hole…
Tony Abbott can rest assured he has made a lasting contribution to Australia’s future.
Tony Abbott spent just shy of two years as Prime Minister, but that doesn't mean he didn't leave a lasting legacy.
Tesla owners are likely to be less price sensitive than most.
There's more than the GST to consider when seeking revenue from tax.
Was federal treasurer Scott Morrison right about falling government expenditure?
AAP Image/Mick Tsikas
Federal treasurer Scott Morrison said that expenditure as a share of the economy under this government is falling, not increasing. Is that right?
Commission of Audit chair Tony Shepherd may well be asking: “What happened?”
The Commission of Audit set the high water mark for reform designed to protect Australia against an economic downturn. One year on, little of it has made it into policy.
Politicians don’t want us thinking too hard about what they say and do.
What you make of the federal budget will be based on quick judgement rather than any careful analysis. And that's just the way politicians like it.
The health system is at the heart of some of Australia’s strongest fiscal pressures.
AAP Image/Cleo Fraser
Following our series on Tony Abbott's five pillars of the economy, today we look at a sector overlooked by the prime minister.