Only one in five believe they will be better off from the budget.
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The budget is squarely directed at trying to undo continuing damage from the harsh Abbott government 2014 budget.
The government has ordered the Productivity Commission to review how the GST revenue is sliced up.
The government will highlight in its May 9 budget a distinction between ‘good’ debt, incurred to boost growth, and ‘bad’ debt, used to finance welfare and other recurrent spending.
Labor will promise to ban direct borrowing by self-managed superannuation funds, as part of a housing affordability policy released on Friday.
Data for 2014-15 from the Australian Taxation Office shows inequality is growing in a number of areas.
Scott Morrison will renew his warnings against tampering with negative gearing, in a speech on Monday.
Underemployment among young people is now at its highest in the 40 years since it has been officially counted, according to a report from the Brotherhood of St Laurence released on Monday.
The proposed housing affordability package in the May budget will target people relying on social housing as well as those trying to break into the market.
The federal government is still trying to convince senate crossbenchers to pass a company tax cut but tax experts and economists dispute all of its supposed benefits.
Scandals, elections, budgets, 2016 had it all. Here’s what made news in business and economics.
The government has made a concerted bid to reinforce Australia’s AAA credit credentials by ensuring the budget is still projected to return to surplus in 2020-21.
After the national accounts showed the economy going backwards in the September quarter, Scott Morrison called for “partners” in the parliament to drive the government’s economic plan through.
The backpacker tax deadlock has been broken with a deal between the government and the Greens for a 15% rate that will be lower in effective terms because backpackers will keep extra superannuation.
The Turnbull government has finally passed its signature legislation to restore a tough watchdog in the construction industry.
The government has made another retreat on its backpacker tax, dropping its proposed rate from 19% to 15% in a deal that will get through the Senate crossbench.
The federal deficit will be worse in 2017-18 than predicted in the May budget, despite some easing in the delays imposed by the Senate, Deloitte Access Economics’ budget monitor predicts.
A snapshot of the availability of jobs has shown limited employment opportunities for disadvantaged job seekers, indicating the need for a new approach to getting these people into work.
The government will push states to remove unnecessary residential land use planning regulations that are impeding the supply of housing, Treasurer Scott Morrison will say in a major speech.
The large banks and AMP will be required to fund the establishment of a new independent body to oversee the professional standing of the much-criticised financial services industry.
Australia needs to speed up the spread of ideas across the economy in its quest for higher living standards, Martin Parkinson has said.
Gina Rinehart has partnered with a Chinese company to buy the giant Kidman pastoral empire, after two previous bids by Chinese buyers were rejected by the federal government.
The government will impose an increase in the departure tax and claw back more superannuation from holiday makers departing Australia.
Federal cabinet on Tuesday is due to consider a compromise on the backpacker tax, as the government moves to clear away the issue as soon as possible.
A government-Labor deal will see the passage of $6.3 billion in savings over the forward estimates in the Coalition’s omnibus bill.