The budget is running $15 billion ahead of forecast thanks to a stronger-than-expected company tax take, but economists expect deficits from now on.

Premier Peter Malinauskas is deploying unexpected spending like he’s racing around a Monopoly board trying to shore up ...

Australia reported a trade surplus of A$6.9 billion in March, significantly higher than February’s downwardly revised A$2.85 billion and beating market expectations of A$3.13 billion, marking ...

Australia’s May trade surplus narrowed sharply to AUD 2.24 billion, well below expectations of AUD 5.09 billion and a revised AUD 4.86 billion in April, marking the smallest surplus in nearly 5 ...

Australia is also one of the few countries the U.S. normally runs a trade surplus with, a point often made by Australian negotiators arguing against Trump's imposition of 10% tariffs.

The budget, however, tallied $3.3 billion in cuts over the forward estimates via “stripping back inefficiency” in the public sector.

Meanwhile, the UK announced 40% aid cuts of its own. It is to Australia’s credit this has not happened here. Australia’s development budget remains intact this year and in forward estimates.

Australia has announced a defence budget of AUD62.7 billion (USD40 billion) for 2025–26, marking a nominal increase of 5% compared with the revised 2024 allocation of AUD59.5 billion.