Australia's Budget: Labor Chooses a Hard Road of Reform

The topic of the budget is government and politics.

Treasurer Jim Chalmers says the budget will be ambitious and feature many savings and reforms.

Follow the budget updates on our live blog.

Live updates are available.

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25 updates are available.

Key events are listed.

8 key events are listed.

Joshua Boscaini is reporting.

It's time for the parliamentary sitting week to begin.

Both the House of Representatives and Senate are sitting today.

Joshua Boscaini is reporting.

Health Minister Mark Butler has updated us on the Australians with hantavirus infections.

The Australians are in good health and participated in a town hall meeting.

They will be quarantined for three weeks.

Staff are being deployed to the quarantine facility.

The Australians are being monitored for symptoms but are in good health.

Nelli Saarinen is reporting.

Housing for younger Australians will be a focus of the budget.

Several major budget measures have been announced.

Some policies we can expect to see include changes to housing and tax.

Gareth Hutchens has more on the policies.

Joshua Boscaini is reporting.

The House of Representatives will resume at noon.

Question Time will start at 2pm.

The government will respond to the 'You win some you lose more' report.

Nelli Saarinen is reporting.

Foreign Minister Penny Wong has announced sanctions on Iran.

The sanctions target individuals and entities responsible for human rights abuses.

Wong says the Iranian regime has committed atrocities.

The regime has limited internet access to hide its actions.

One individual sanctioned was responsible for oppressing women and girls.

Another individual established a neighborhood watch program to punish opponents.

Some individuals have been responsible for detaining foreign nationals.

The sanctions will also target Iran's shadow banking system.

Joshua Boscaini is reporting.

Foreign Minister Penny Wong has spoken to US Secretary of State Marco Rubio.

They discussed promoting a free and open Indo-Pacific.

They also discussed Iran and freedom of navigation.

Joshua Boscaini is reporting.

Shadow Industry Minister Andrew Hastie says he's not open to a coalition with One Nation.

Hastie says he doesn't think either party wants a coalition.

Hastie says the feeling is mutual and they have work to do as a party.

Key Event

Joshua Boscaini is reporting.

An Australian Army soldier has died in a parachuting incident.

Another soldier was injured but did not require hospitalization.

The full statement from Defence is available.

Defence has confirmed the soldier's death and injury.

The privacy of Defence members and families is requested.

Defence will provide further updates.

Joshua Boscaini is reporting.

Labor will respond to the gambling advertising report today.

The report recommended a ban on online gambling advertising.

Health Minister Mark Butler says the government will release its response today.

Butler says the prime minister addressed the report recently.

Butler says the government has taken strong action on the issue.

Shadow Finance Minister Claire Chandler says the timing of the release is interesting.

Chandler wonders if the government is trying to hide something.

Joshua Boscaini is reporting.

Shadow Finance Minister Claire Chandler says the Coalition won't support tax changes.

The government is expected to announce changes to capital gains tax and negative gearing.

Chandler says the answer to housing affordability is to build more homes.

Chandler says changes to tax settings could hurt the incentive to build homes.

Chandler says young Australians are concerned about government debt.

Joshua Boscaini is reporting.

Finance Minister Katy Gallagher says the budget will use levers to help younger Australians.

Gallagher says the budget will supplement existing housing policies.

Gallagher says the budget is about fairness, resilience, and reform.

Joshua Boscaini is reporting.

Shadow Treasurer Tim Wilson says the government will hurt young Australians.

Wilson says the changes to tax settings will be a tax on home deposits.

Wilson says young Australians are saving for home deposits.

Key Event

Joshua Boscaini is reporting.

Shadow Treasurer Tim Wilson has criticized Labor for breaking election promises.

The government is expected to change capital gains tax and negative gearing.

Wilson says the opposition won't announce its position until the budget is released.

Joshua Boscaini is reporting.

Treasurer Jim Chalmers says the budget will focus on cost of living and housing.

Chalmers says the budget will include big steps to help young people buy homes.

Chalmers says he expects a scare campaign after the budget.

Joshua Boscaini is reporting.

Treasurer Jim Chalmers says the government won't kick the can down the road on reforms.

Chalmers says too many Australians are locked out of the housing market.

The prime minister has confirmed changes to tax settings in the budget.

Chalmers says the budget will address the intersection of housing and tax.

Joshua Boscaini is reporting.

Treasurer Jim Chalmers says the budget will help people through the global oil shock.

Chalmers says the budget will reform the economy for the future.

Chalmers says the budget will help young Australians get into the housing market.

Key Event

Joshua Boscaini is reporting.

Treasurer Jim Chalmers has given a press conference.

Chalmers says the budget will be ambitious and responsible.

Chalmers says the budget will address intergenerational fairness and inflation.

Key Event

Joshua Boscaini is reporting.

Prime Minister Anthony Albanese says the government will focus on housing in the budget.

Albanese says the government will make changes to the tax system to help young people.

Albanese says the dream of home ownership is becoming difficult for young Australians.

Key Event

Joshua Boscaini is reporting.

Prime Minister Anthony Albanese has spoken about the budget on the radio.

Albanese says the government needs to do more to help young people buy homes.

Albanese says the government will drive housing supply.

Key Event