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Australian Federal Budget projected to hit $4 billion surplus

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This would be the first surplus in 15 years

 
Almost $15 billion in cost of living relief for Australians will form tonight’s federal budget.

Australia’s federal budget is projected to record a $4 billion surplus this financial year.

This would be the first surplus in 15 years.

The Albanese Government says they “have seen the Budget improve by more than $143 billion over four years to 2025-26.”

Pensioners, people on other income support payments, and small businesses will have their energy bills subsidised by up to $500, part of billions for cost of living relief.

The budget will include a $737 million package to crack down on vaping and reduce smoking.

The government says it will cost about $19 billion over an initial four-year period to start implementing defence changes.

That includes $9 billion for the AUKUS nuclear-powered submarine project and $4.1 billion for missiles and manufacturing.

The federal government says it wants to make Australia a “renewable energy superpower” and late last week it announced a plan to establish a “Net Zero Authority”.

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Could Trump’s Middle East peace deal reshape the global economy?

Trump’s ceasefire deal between Israel and Hamas may reshape global markets and trigger new economic dynamics.

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Trump’s ceasefire deal between Israel and Hamas may reshape global markets and trigger new economic dynamics.


Donald Trump’s latest diplomatic breakthrough — a ceasefire and potential peace deal between Israel and Hamas — could have ripple effects far beyond the Middle East. The former U.S. president is eyeing economic reconstruction opportunities in the region, with energy, infrastructure, and trade set to benefit if stability holds.

Experts say the deal could also influence global oil prices, energy markets, and investment flows, as renewed peace opens the door to new development projects. But it could also trigger volatility if negotiations falter or regional rivalries reignite.

As Trump prepares for further talks with China on trade and critical minerals, economists are watching closely. Could this mark the beginning of a new era of economic détente — or the start of another global power struggle centred around strategic resources?

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Ceasefire holds as families return to Gaza

Thousands of Palestinians return amid fragile ceasefire, as Egypt hosts talks for lasting peace amidst immense destruction.

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Thousands of Palestinians return amid fragile ceasefire, as Egypt hosts talks for lasting peace amidst immense destruction.


Thousands of Palestinians are returning home under a fragile ceasefire, as leaders gather in Egypt to discuss lasting peace.

The destruction is immense, but hopes for stability are rising.

#Gaza #Ceasefire #MiddleEast #PeaceTalks #IsraelHamas #tickernews


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Australia rushes to finalise billion-dollar minerals deal with the U.S.

Australia seeks a $1.2 billion minerals deal with the U.S. to reduce reliance on China ahead of Albanese-Trump talks.

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Australia seeks a $1.2 billion minerals deal with the U.S. to reduce reliance on China ahead of Albanese-Trump talks.


Australia is racing to secure a landmark critical minerals deal with the United States ahead of Prime Minister Anthony Albanese’s upcoming meeting with President Donald Trump. The agreement, worth an estimated $1.2 billion, aims to strengthen supply chains and reduce both nations’ reliance on China’s mineral dominance.

The deal would see Australia establish a strategic reserve of rare earths, backed by U.S. investment and government funding. Australian miners are being consulted on potential price floors and financing models that could redefine the future of the country’s resources sector.

However, questions remain over the economic risks. Analysts warn that introducing price controls and heavy government intervention could have unintended consequences, especially if China retaliates with tariffs or production cuts. The deal could reshape global competition for critical minerals essential to defence, energy, and technology industries.

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