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Victorian Treasurer Tim Pallas.

Pallas vows to prove rating agencies wrong

Treasurer Tim Pallas has fended off warnings Victoria could face a third credit rating downgrade since 2020.

  • Gus McCubbing and Patrick Durkin
Hampton Primary council president Mark Alexander says any funding delays will limit what upgrades the school can achieve as it waits on an election promise made by Labor in October 2022.

Schools sweat on election funding promises as Victorian debt rises

Melbourne’s Hampton Primary School fears the Victorian government won’t follow through on a promise made on eve of the 2022 election.

  • Gus McCubbing

Outer Perth ‘pain seats’ at risk as Albanese cocks ear to west

Federal Labor is bleeding votes in Western Australia that could cost it several key seats, pollsters warn.

  • Tom Rabe

China admits to firing flares near Australian chopper: PM

China admits helicopter was not in Chinese territory says Albanese; slow housing pipeline worries Chalmers; Stormy Daniels testifies. Follow updates here.

  • Updated
  • Tom Burton

High Court rejects Crown immunity for sacred sites damage

The custodians of Kakadu National Park have won a test case in the High Court over a walking track at picturesque Gunlom Falls.

  • Michael Pelly

China wrong on defence flare stoush: Albanese

Beijing now says an Australian navy helicopter was spying on its military in the Yellow Sea.

  • Andrew Tillett

Opinion & Analysis

Victoria must get a grip

The heavily indebted state has at least stopped whacking its private sector. But there is little sign of resolve on its debts.

The AFR View

Editorial

The AFR View

All hat, no bull: PM’s tough task disarming farmers in Qld

Anthony Albanese and Peter Dutton are in Rockhampton for Beef 2024. One suspects Labor will need to look elsewhere in Queensland to win seats at the next election.

Phillip Coorey

Political editor

Phillip Coorey

Governor and treasurer share blame for sticky inflation

Michele Bullock and Jim Chalmers had fair warning about the need for decisive action.

Look to South America to see Made in Australia in practice

The Albanese government’s Peronist-like policies won’t add to growth and investment, despite the prime minister and treasurer’s rhetoric.

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Perpetual CEO to retire; Druckenmiller’s big wins; New iPads analysed

Read everything that’s happened in the news so far today.

Anthony Albanese used a visit to Beef Week on Tuesday to promote the Future Made in Australia Act.

Chalmers locks in business tax breaks to help Made in Australia

The budget will contain tax breaks for investors to turbocharge the government’s Future Made in Australia Act, Jim Chalmers has confirmed.

  • Phillip Coorey
Jim Chalmers will deliver his third federal budget on May 14

Everything we know about the budget, so far

Treasurer Jim Chalmers will hand down Labor’s third budget on May 14. Here are all the spending measures we know about so far.

  • Updated
  • Tom McIlroy
Prime Minister Anthony Albanese during a walk through of Beef2024 in Rockhampton on Tuesday.

Labor’s plan to ‘restore faith’ in Qld

Anthony Albanese said Labor’s Future Made in Australia Act was key to “restore faith” with blue-collar Queenslanders, who deserted the party in 2019 over the confused position on the Adani coal mine.

  • Phillip Coorey

Yesterday

Premier Roger Cook and Prime Minister Anthony Albanese.

Critical minerals boost from $566m plan to fully map Australia

Deposits of critical minerals and rare earths badly needed for the development of renewable energy technologies will be mapped, Anthony Albanese says.

  • Tom McIlroy
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May 08, 2024

David Rowe cartoons for May 2024

David Rowe is a multiple Walkley award-winning cartoonist. He draws a daily political cartoon and one for the Chanticleer column.

  • Updated
  • David Rowe
An Australian Seahawk helicopter.

Beijing blames ‘provocative move’ for helicopter flare incident

Stabilisation of ties between Canberra and Beijing suffered a setback after a Chinese fighter jet released flares near an Australian navy helicopter.

  • Updated
  • Andrew Tillett
Victorian Treasurer Tim Pallas and Premier Jacinta Allan have handed down their first state budget together.

Ratings warning over Victoria’s $188b debt

Rating agencies have put the Victorian government on notice after it revealed state debt would climb to $188 billion, with a daily interest bill of $26 million.

  • Updated
  • Gus McCubbing and Patrick Durkin
Victorian Treasurer Tim Pallas delivers the state budget yesterday.

Victoria must get a grip

The heavily indebted state has at least stopped whacking its private sector. But there is little sign of resolve on its debts.

  • The AFR View
The report said supermarkets should face prosecution over price gouging.

Calls for power to break up Coles and Woolies split inquiry

The ACCC should get new legal powers to prosecute supermarkets found to be engaging in price gouging, a parliamentary inquiry has recommended.

  • Tom McIlroy and Carrie LaFrenz
Albo enters the bull ring.

All hat, no bull: PM’s tough task disarming farmers in Qld

Anthony Albanese and Peter Dutton are in Rockhampton for Beef 2024. One suspects Labor will need to look elsewhere in Queensland to win seats at the next election.

  • Phillip Coorey
The core size of the public service is to be reduced as a share of the state economy.

Victorian government to shrink for first time in 15 years

Victorian budget deficit rises, but surplus predictions brought forward; Biden warns Netanyahu to pursue ceasefire, not invasion. Follow updates here.

  • Updated
  • Maxim Shanahan
The core size of the public service is to be reduced as a share of the state economy.

Size of Victorian government to be cut for first time in 15 years

Tight control over salaries and operating expenses will result in reduced average expenditure of 2.2 per cent over forward estimates.

  • Tom Burton
Victoria budget winners and losers.

Victorian budget winners and losers

There are no new taxes or levies for the first time in several years – although the state’s waste and fire levies are increasing – but the budget avoids many tough decisions save for a slowdown in infrastructure spending.

  • Patrick Durkin
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ANZ reveals $2b buyback; Macquarie bets on AI; Bonza backers’ plot

Read everything that’s happened in the news so far today.

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Opposition Leader Peter Dutton wants a debate about nuclear at the next election.

‘A big risk’: Voters wary of nuclear replacing coal-fired power

Voters in Victoria’s Latrobe Valley have raised the spectres of Chernobyl and Fukushima when asked about Opposition Leader Peter Dutton’s plan to build large-scale reactors in their community. 

  • Tom McIlroy

This Month

Anthony Albanese

Albanese pledges $500m for drought relief as Queensland fight heats up

Anthony Albanese and Peter Dutton are squaring off at Beef Week in Rockhampton as the political fight in central Queensland gathers pace.

  • Phillip Coorey
Treasurer Jim Chalmers and Finance Minister Katy Gallagher ahead of next week’s federal budget.

Chalmers’ budget to fight inflation first, spend up big second

Treasurer Jim Chalmers says his budget next week will avoid a “scorched earth” approach to fight inflation, but spending will come in the out years.

  • Ronald Mizen
An Australia MH-60R Seahawk.

Navy helicopter near miss in latest Chinese confrontation

Australian personnel had to take evasive action when their helicopter was confronted by a Chinese fighter jet.

  • Andrew Tillett
Western Sydney communities are struggling with overcrowded infrastructure.

Labor warned on overheating western Sydney road spend

Labor said on Monday that its spending in the population growth area was now more than $17.3 billion. 

  • Tom McIlroy