The Federal Government has cut by half the amount some Australians can save in superannuation through salary sacrificing and has reduced its contribution to lower income earners who choose to save more.May 12, 2009, 6:30 pm
The Australian economy is not expected to record any growth until 2010/11 as the "inevitable" consequence of the global recession crimps business investment, weakens demand for exports and inhibits household consumption, the federal budget papers show.May 12, 2009, 6:15 pm
National broadcasters ABC and SBS are to receive major funding boosts with the ABC to receive an extra $151.7 million for its new children's channel and to lift Australian content .May 12, 2009, 6:15 pm
Small businesses will receive tax relief as they struggle to cope with weakening demand brought on by recession, the federal government has announced.May 12, 2009, 6:15 pm
The Government has boosted its commitment to closing the gap between black and white Australia with a funding rise of $1.3 billion.May 12, 2009, 6:15 pm
The federal government has cut the nation's skilled migration intake by a further 6,900 people to help protect local jobs during the economic crisis.May 12, 2009, 6:15 pm
Australian businesses are doing it tough in the recession and there isn't much relief for them in the Budget, the Australian Chamber of Commerce and Industry says.May 12, 2009, 6:15 pm
The federal budget deficit will expand sharply in 2009/10 to an all-time record as the Australian economy falls into recession, employment soars and tax revenues decline.May 12, 2009, 6:00 pm
The federal government's pathway back to a budget surplus looks set to be a long and painful one for the million Australians who are likely to lose their job over the next two years.May 12, 2009, 6:00 pm
Baby boomers, the post-war generation which grew up in the suburban safety of the 1950s, led the social change of the 1960s and expected their Depression-raised parents to leave them their homes are about to get their come-uppance.May 12, 2009, 6:00 pm
Australia is to change the way it makes electricity, with huge new solar power plants and cleaner coal facilities to be built.May 12, 2009, 6:00 pm
The government has made an initial $4.7 billion down-payment on the $43 billion national broadband network.May 12, 2009, 6:00 pm
The federal government will spend more than $650 million to crack down on people smuggling following the recent spike in unauthorised boat arrivals.May 12, 2009, 6:00 pm
Close to 150,000 new mums and dads will be eligible for taxpayer funded paid maternity leave each year when the scheme kicks in in 2011.May 12, 2009, 6:00 pm
The export of metals and minerals is expected to fall five per cent in the coming financial year as industrial production plummets amid a global recession.May 12, 2009, 5:45 pm
Those buying their first home have another six months to locate their dream dwelling and still benefit from last year's boost to the first home owners grant scheme.May 12, 2009, 5:45 pm
The government has followed up on its defence white paper with a big funding boost for the military, making it one of the big winners of the 2009 budget.May 12, 2009, 5:45 pm
Australia's universities were hoping to receive $6.5 billion over four years in this year's budget, as recommended by the Bradley review into higher education.May 12, 2009, 5:45 pm
This Budget is forged in the fire of the most challenging global economic conditions since the Great Depression. It is a budget that supports jobs today by investing in the infrastructure we need for tomorrow.May 12, 2009, 5:30 pm
Australians face working longer and harder as the labour force shrinks, while the Rudd government pins its hopes of economic recovery on the biggest nation building program since the Snowy Hydro Scheme.May 12, 2009, 5:30 pm
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