SYDNEY—Australian Treasurer Jim Chalmers has forecast ... over the next four years compared with what was expected in May, with budget deficits expected to be the norm over the next decade.

Special interest groups have always been a headache for government deficits and efficiency. Now they are running Washington.

Four Republicans known for being deficit hawks face pressure from President Donald Trump to sign off on a GOP-led budget that ...

Australia's federal budget is on track for its first budget deficit since Labor was elected in 2022, but according to Treasurer Jim Chalmers, this is still a good sign. "Two surpluses in the first ...

ACT Treasurer Chris Steel has unveiled his first mid-year budget update, where he was forced to reveal the bottom line was in a much worse position than had been previously forecast. The ...

Peter Dutton has raised doubts about the Coalition’s commitment to fiscal prudence after immediately outbidding Labor’s $8.5bn spending splurge on Medicare without any detail on how it would be paid ...

Donald Trump’s new defense secretary, Pete Hegseth, has enormous challenges ahead of him—challenges that could seriously ...

Australia has provided Papua New Guinea with ... and it has managed to reduce its budget deficit over the past two years. But the government is continuing to grapple with revenue shortfalls ...